Farther Finance Advisors LLC Boosts Position in Curtiss-Wright Co. (NYSE:CW)

Farther Finance Advisors LLC raised its stake in Curtiss-Wright Co. (NYSE:CW) by 129.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,739 shares of the aerospace company’s stock after purchasing an additional 982 shares during the quarter. Farther Finance Advisors LLC’s holdings in Curtiss-Wright were worth $617,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright in the third quarter worth $53,000. Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright in the third quarter worth $59,000. UMB Bank n.a. raised its holdings in shares of Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 64 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright in the third quarter worth $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the transaction, the insider now owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John C. Watts sold 622 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 116 shares of company stock valued at $35,278 and sold 15,935 shares valued at $5,528,147. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CW. Truist Financial upped their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $322.52 on Friday. The firm has a market capitalization of $12.15 billion, a PE ratio of 30.57, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The business has a 50-day moving average of $339.57 and a two-hundred day moving average of $345.00. Curtiss-Wright Co. has a 12 month low of $241.44 and a 12 month high of $393.40.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. As a group, research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Curtiss-Wright 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.