Minot DeBlois Advisors LLC Invests $35,000 in Curtiss-Wright Co. (NYSE:CW)

Minot DeBlois Advisors LLC acquired a new stake in Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 100 shares of the aerospace company’s stock, valued at approximately $35,000.

Other hedge funds have also recently bought and sold shares of the company. Wallace Advisory Group LLC purchased a new stake in Curtiss-Wright during the fourth quarter worth about $208,000. Assenagon Asset Management S.A. purchased a new stake in Curtiss-Wright during the 4th quarter worth approximately $13,395,000. Kathmere Capital Management LLC lifted its holdings in Curtiss-Wright by 8.5% during the 4th quarter. Kathmere Capital Management LLC now owns 731 shares of the aerospace company’s stock worth $259,000 after buying an additional 57 shares in the last quarter. Park Avenue Securities LLC boosted its position in Curtiss-Wright by 23.1% in the 4th quarter. Park Avenue Securities LLC now owns 5,615 shares of the aerospace company’s stock valued at $1,993,000 after buying an additional 1,054 shares during the period. Finally, Radnor Capital Management LLC grew its stake in shares of Curtiss-Wright by 3.9% in the fourth quarter. Radnor Capital Management LLC now owns 7,417 shares of the aerospace company’s stock worth $2,632,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 658 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total transaction of $214,297.44. Following the transaction, the insider now directly owns 19,239 shares of the company’s stock, valued at approximately $6,265,757.52. This trade represents a 3.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 3,131 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 $1,018,858.71. Following the completion of the transaction, the chief executive officer now owns 42,887 shares in the company, valued at approximately $13,955,858.67. This represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,642 shares of company stock valued at $3,581,107 in the last three months. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CW shares. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Truist Financial decreased their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus reduced their target price on shares of 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 decreased their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $377.43.

Curtiss-Wright Stock Up 2.0%

CW stock opened at $395.27 on Wednesday. The stock has a market cap of $14.89 billion, a P/E ratio of 37.47, a PEG ratio of 2.48 and a beta of 1.04. 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 twelve month low of $258.85 and a twelve month high of $399.25. The company’s 50 day moving average is $329.39 and its two-hundred day moving average is $345.89.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same period last year, the business earned $1.99 EPS. Curtiss-Wright’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Company 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.