Cerity Partners LLC Raises Stock Position in Curtiss-Wright Co. (NYSE:CW)

Cerity Partners LLC lifted its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 61.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,957 shares of the aerospace company’s stock after acquiring an additional 1,121 shares during the quarter. Cerity Partners LLC’s holdings in Curtiss-Wright were worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fiera Capital Corp acquired a new position in shares of Curtiss-Wright during the third quarter worth about $31,386,000. International Assets Investment Management LLC acquired a new position in Curtiss-Wright during the 4th quarter worth approximately $31,816,000. Seizert Capital Partners LLC boosted its holdings in Curtiss-Wright by 674.7% in the 3rd quarter. Seizert Capital Partners LLC now owns 111,826 shares of the aerospace company’s stock worth $21,877,000 after acquiring an additional 97,392 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $18,462,000. Finally, Hardman Johnston Global Advisors LLC raised its stake in shares of Curtiss-Wright by 383.9% during the third quarter. Hardman Johnston Global Advisors LLC now owns 87,110 shares of the aerospace company’s stock valued at $17,041,000 after purchasing an additional 69,110 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 925 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the completion of the transaction, the chief financial officer now owns 10,052 shares in the company, valued at approximately $2,448,164.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Lynn M. Bamford sold 2,620 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the sale, the chief executive officer now owns 35,773 shares in the company, valued at $8,714,302.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO K Christopher Farkas sold 925 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the transaction, the chief financial officer now directly owns 10,052 shares of the company’s stock, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock worth $3,030,512 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Up 0.9 %

Curtiss-Wright stock opened at $253.28 on Wednesday. The firm has a 50-day moving average price of $245.60 and a two-hundred day moving average price of $225.84. Curtiss-Wright Co. has a 52-week low of $157.72 and a 52-week high of $261.46. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 27.53 and a beta of 1.18. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. The business had revenue of $785.79 million during the quarter, compared to analyst estimates of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.92 EPS. Sell-side analysts expect that Curtiss-Wright Co. will post 10.16 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 8.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CW shares. Robert W. Baird upped their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Truist Financial reissued a “hold” rating and issued a $240.00 price objective (down from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. Finally, StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Curtiss-Wright has a consensus rating of “Buy” and a consensus target price of $260.25.

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.