Curtiss-Wright Co. (NYSE:CW) Shares Purchased by GeoWealth Management LLC

GeoWealth Management LLC grew its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 15.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 318 shares of the aerospace company’s stock after acquiring an additional 43 shares during the quarter. GeoWealth Management LLC’s holdings in Curtiss-Wright were worth $113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in Curtiss-Wright in the fourth quarter worth about $70,000. Farringdon Capital Ltd. bought a new stake in shares of Curtiss-Wright during the 4th quarter worth about $549,000. Marshall Wace LLP acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $3,027,000. NewEdge Advisors LLC boosted its holdings in shares of Curtiss-Wright by 2,229.3% in the fourth quarter. NewEdge Advisors LLC now owns 955 shares of the aerospace company’s stock valued at $339,000 after acquiring an additional 914 shares in the last quarter. Finally, Hanlon Investment Management Inc. increased its stake in shares of Curtiss-Wright by 10.7% during the fourth quarter. Hanlon Investment Management Inc. now owns 1,679 shares of the aerospace company’s stock valued at $596,000 after acquiring an additional 162 shares during the period. Institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CW. Truist Financial lowered their price target on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus lowered their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Finally, Citigroup cut their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $377.43.

Curtiss-Wright Price Performance

CW stock opened at $335.73 on Friday. The firm has a 50-day moving average of $318.44 and a two-hundred day moving average of $344.94. The firm has a market capitalization of $12.64 billion, a PE ratio of 31.82, a P/E/G ratio of 2.48 and a beta of 1.03. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a one year low of $249.14 and a one year high of $393.40.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 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%. On average, analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insiders Place Their Bets

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The shares were 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 owns 1,899 shares of the company’s stock, valued at $617,953.59. This trade represents a 7.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP John C. Watts sold 622 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,797 shares of company stock worth $7,436,255. 0.55% of the stock is currently owned by company 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.