Commonwealth Equity Services LLC Has $7.75 Million Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Commonwealth Equity Services LLC boosted its stake in Curtiss-Wright Co. (NYSE:CW) by 37.6% in the fourth quarter, HoldingsChannel reports. The firm owned 21,851 shares of the aerospace company’s stock after buying an additional 5,976 shares during the period. Commonwealth Equity Services LLC’s holdings in Curtiss-Wright were worth $7,754,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CW. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright in the third quarter valued at $53,000. Brooklyn Investment Group bought a new position in shares of Curtiss-Wright in the third quarter valued at $59,000. UMB Bank n.a. lifted its stake 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 valued at $60,000 after buying an additional 64 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in shares of Curtiss-Wright in the third quarter valued at $69,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CW shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Truist Financial raised their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Stock Down 1.2 %

CW opened at $327.14 on Friday. 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 company’s 50-day moving average is $337.75 and its 200 day moving average is $345.16. Curtiss-Wright Co. has a fifty-two week low of $245.69 and a fifty-two week high of $393.40. The firm has a market capitalization of $12.32 billion, a P/E ratio of 31.01, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 658 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the sale, the insider now owns 19,239 shares of the company’s stock, valued at $6,265,757.52. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. 0.67% of the stock is currently owned by corporate insiders.

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.