Mayflower Financial Advisors LLC Purchases Shares of 531 Curtiss-Wright Corporation $CW

Mayflower Financial Advisors LLC purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 531 shares of the aerospace company’s stock, valued at approximately $259,000.

A number of other hedge funds also recently bought and sold shares of CW. GAMMA Investing LLC raised its position in Curtiss-Wright by 41.8% in the 1st quarter. GAMMA Investing LLC now owns 818 shares of the aerospace company’s stock valued at $260,000 after purchasing an additional 241 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Curtiss-Wright by 98.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company’s stock valued at $1,163,000 after purchasing an additional 1,817 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Curtiss-Wright by 147.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 4,441 shares of the aerospace company’s stock valued at $1,409,000 after purchasing an additional 2,648 shares in the last quarter. KBC Group NV raised its position in shares of Curtiss-Wright by 9.6% during the 1st quarter. KBC Group NV now owns 1,673 shares of the aerospace company’s stock worth $531,000 after acquiring an additional 147 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in shares of Curtiss-Wright by 100.4% during the 1st quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company’s stock worth $362,000 after acquiring an additional 571 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CW shares. Morgan Stanley raised their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Stifel Nicolaus raised their target price on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Finally, Citigroup raised their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $545.00.

Curtiss-Wright Trading Up 2.4%

NYSE:CW opened at $602.45 on Thursday. The stock’s 50 day moving average price is $523.33 and its 200 day moving average price is $469.33. The company has a market capitalization of $22.70 billion, a PE ratio of 50.84, a P/E/G ratio of 3.34 and a beta of 1.14. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $604.47.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. The firm had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.67 EPS. On average, research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is 8.10%.

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.