Hancock Whitney Corp Raises Stock Position in Curtiss-Wright Co. (NYSE:CW)

Hancock Whitney Corp boosted its position in Curtiss-Wright Co. (NYSE:CW) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,858 shares of the aerospace company’s stock after purchasing an additional 252 shares during the quarter. Hancock Whitney Corp’s holdings in Curtiss-Wright were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in Curtiss-Wright by 1,414.4% during the first quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company’s stock valued at $4,105,000 after buying an additional 14,979 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Curtiss-Wright by 38.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock worth $19,524,000 after purchasing an additional 21,074 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Curtiss-Wright in the second quarter worth approximately $41,383,000. Susquehanna Fundamental Investments LLC purchased a new stake in Curtiss-Wright in the first quarter valued at approximately $5,007,000. Finally, Cetera Advisors LLC raised its stake in Curtiss-Wright by 178.7% in the first quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock valued at $1,017,000 after purchasing an additional 2,548 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CW. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. Robert W. Baird upped their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus raised their price target on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Buy” and a consensus price target of $307.50.

Curtiss-Wright Trading Up 3.3 %

CW stock opened at $328.50 on Friday. The company has a market capitalization of $12.58 billion, a PE ratio of 33.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. Curtiss-Wright Co. has a one year low of $190.64 and a one year high of $328.83. The company’s 50 day moving average price is $296.25 and its two-hundred day moving average price is $275.43.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company had revenue of $785.00 million for the quarter, compared to analysts’ expectations of $735.82 million. During the same quarter last year, the company earned $2.15 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. As a group, analysts predict that Curtiss-Wright Co. will post 10.55 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, September 27th. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Insider Buying and Selling

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the sale, the director now owns 1,382 shares in the company, valued at $418,469.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 120 shares of company stock worth $27,914 in the last ninety days. 0.67% of the stock is owned by insiders.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.