Clare Market Investments LLC Invests $702,000 in Curtiss-Wright Corporation $CW

Clare Market Investments LLC bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the first quarter, HoldingsChannel.com reports. The firm bought 1,030 shares of the aerospace company’s stock, valued at approximately $702,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Transamerica Financial Advisors LLC increased its position in Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after buying an additional 15 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Curtiss-Wright by 2.3% during the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after acquiring an additional 16 shares during the last quarter. Summit Financial LLC increased its position in Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after purchasing an additional 16 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in shares of Curtiss-Wright by 2.9% in the 4th quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after buying an additional 17 shares during the period. Finally, VestGen Investment Management raised its holdings in shares of Curtiss-Wright by 0.9% in the 4th quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock worth $1,031,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president directly owned 2,172 shares in the company, valued at approximately $1,568,075.40. The trade was a 15.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,119 shares of company stock worth $2,257,998 in the last 90 days. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW stock opened at $777.33 on Tuesday. The firm has a market cap of $28.71 billion, a P/E ratio of 56.93, a P/E/G ratio of 3.52 and a beta of 0.86. The firm has a fifty day moving average of $741.63 and a two-hundred day moving average of $689.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. Curtiss-Wright Corporation has a 1-year low of $463.00 and a 1-year high of $800.00.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. During the same quarter last year, the business posted $2.82 EPS. Curtiss-Wright’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 15.17 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s payout ratio is currently 7.62%.

Analysts Set New Price Targets

CW has been the subject of several research reports. Citigroup boosted their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a report on Friday, May 8th. Weiss Ratings downgraded Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus target price of $749.67.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.