Modern Wealth Management LLC Takes Position in Curtiss-Wright Co. (NYSE:CW)

Modern Wealth Management LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 846 shares of the aerospace company’s stock, valued at approximately $299,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Curtiss-Wright by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after purchasing an additional 15,890 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after buying an additional 27,607 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Curtiss-Wright in the fourth quarter valued at $132,626,000. Allspring Global Investments Holdings LLC increased its holdings in Curtiss-Wright by 90.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after buying an additional 160,395 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Curtiss-Wright by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company’s stock worth $118,203,000 after acquiring an additional 79,362 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

In other news, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction on 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 in the company, valued at $6,386,166.90. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Trading Down 1.4 %

Shares of CW stock opened at $325.22 on Friday. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40. The firm has a 50 day moving average price of $335.14 and a two-hundred day moving average price of $346.14. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.25 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating 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, analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Citigroup began coverage on 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 assigned 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 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.