Cardinal Capital Management Buys 83 Shares of Curtiss-Wright Co. (NYSE:CW)

Cardinal Capital Management increased its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,796 shares of the aerospace company’s stock after acquiring an additional 83 shares during the period. Cardinal Capital Management’s holdings in Curtiss-Wright were worth $1,801,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. First Hawaiian Bank grew its stake in shares of Curtiss-Wright by 1.2% in the second quarter. First Hawaiian Bank now owns 5,136 shares of the aerospace company’s stock valued at $943,000 after buying an additional 60 shares in the last quarter. Pathstone Family Office LLC grew its position in shares of Curtiss-Wright by 2.6% in the 3rd quarter. Pathstone Family Office LLC now owns 2,505 shares of the aerospace company’s stock valued at $348,000 after acquiring an additional 63 shares during the period. Signaturefd LLC increased its stake in shares of Curtiss-Wright by 26.8% during the 1st quarter. Signaturefd LLC now owns 303 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 64 shares during the last quarter. New Hampshire Trust lifted its stake in Curtiss-Wright by 5.8% in the 2nd quarter. New Hampshire Trust now owns 1,245 shares of the aerospace company’s stock valued at $229,000 after purchasing an additional 68 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. grew its holdings in Curtiss-Wright by 0.9% during the first quarter. Campbell Newman Asset Management Inc. now owns 8,128 shares of the aerospace company’s stock worth $1,433,000 after purchasing an additional 73 shares during the period. 80.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 224 shares of Curtiss-Wright stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $207.63, for a total value of $46,509.12. Following the completion of the transaction, the vice president now directly owns 3,523 shares of the company’s stock, valued at approximately $731,480.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Paul J. Ferdenzi sold 2,064 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $190.00, for a total transaction of $392,160.00. Following the transaction, the vice president now directly owns 17,082 shares of the company’s stock, valued at $3,245,580. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John C. Watts sold 224 shares of Curtiss-Wright stock in a transaction on Monday, August 7th. The shares were sold at an average price of $207.63, for a total transaction of $46,509.12. Following the completion of the sale, the vice president now directly owns 3,523 shares of the company’s stock, valued at $731,480.49. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 219 shares of company stock worth $34,039 and have sold 6,948 shares worth $1,324,069. 0.62% of the stock is owned by company insiders.

Curtiss-Wright Price Performance

NYSE:CW opened at $204.88 on Tuesday. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 24.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.36 and a current ratio of 2.11. Curtiss-Wright Co. has a 52 week low of $136.21 and a 52 week high of $209.77. The firm’s 50-day simple moving average is $199.69 and its 200 day simple moving average is $181.44.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, August 2nd. The aerospace company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.97 by $0.18. Curtiss-Wright had a return on equity of 16.58% and a net margin of 11.77%. The business had revenue of $704.40 million for the quarter, compared to analysts’ expectations of $648.77 million. As a group, sell-side analysts predict that Curtiss-Wright Co. will post 9.08 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, September 28th. Curtiss-Wright’s dividend payout ratio is presently 9.63%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CW shares. Truist Financial raised their price objective on Curtiss-Wright from $190.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, July 21st. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Morgan Stanley upgraded shares of Curtiss-Wright from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $188.00 to $229.00 in a research note on Monday, August 7th. Finally, Robert W. Baird raised their price objective on shares of Curtiss-Wright from $200.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $208.40.

Curtiss-Wright Profile

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