28,339 Shares in Curtiss-Wright Co. (NYSE:CW) Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc bought a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 28,339 shares of the aerospace company's stock, valued at approximately $9,315,000. Marks Group Wealth Management Inc owned about 0.07% of Curtiss-Wright at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company's stock worth $28,000 after purchasing an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in shares of Curtiss-Wright in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 116 shares in the last quarter. Tsfg LLC raised its holdings in shares of Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP John C. Watts sold 412 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Glenda J. Minor sold 500 shares of the business's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the transaction, the director now owns 1,382 shares in the company, valued at $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CW shares. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price target on the stock. Truist Financial raised their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird raised their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $362.60.

Curtiss-Wright Stock Performance

CW traded up $17.09 on Wednesday, reaching $377.46. The stock had a trading volume of 276,794 shares, compared to its average volume of 222,569. Curtiss-Wright Co. has a 12-month low of $203.60 and a 12-month high of $380.98. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The business's 50-day moving average price is $331.53 and its two-hundred day moving average price is $297.08. The company has a market cap of $14.32 billion, a P/E ratio of 35.71 and a beta of 1.17.

Curtiss-Wright (NYSE:CW - Get Free Report) last released 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. The business had revenue of $785.00 million during the quarter, compared to analysts' expectations of $735.82 million. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. The company's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.15 earnings per share. Sell-side analysts forecast that Curtiss-Wright Co. will post 10.66 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. Curtiss-Wright's payout ratio is presently 7.95%.

Curtiss-Wright Company Profile

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.