Williamson Legacy Group LLC Grows Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Williamson Legacy Group LLC boosted its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,001 shares of the aerospace company’s stock after purchasing an additional 129 shares during the quarter. Williamson Legacy Group LLC’s holdings in Curtiss-Wright were worth $1,065,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. YANKCOM Partnership purchased a new stake in Curtiss-Wright during the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Curtiss-Wright during the third quarter valued at $53,000. Brooklyn Investment Group purchased a new stake in Curtiss-Wright during the third quarter valued at $59,000. UMB Bank n.a. raised its stake in Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in Curtiss-Wright during the third quarter valued at $69,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the 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 transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John C. Watts sold 622 shares of the stock in a transaction dated Wednesday, February 5th. The stock was 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. The trade was a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CW. Truist Financial increased their target price 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. Morgan Stanley increased their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Finally, Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Trading Up 2.0 %

NYSE CW opened at $322.24 on Friday. The company’s 50-day moving average price is $348.05 and its 200-day moving average price is $344.00. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock has a market cap of $12.14 billion, a PE ratio of 30.54, a PEG ratio of 2.48 and a beta of 1.19. Curtiss-Wright Co. has a 12 month low of $234.49 and a 12 month high of $393.40.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results 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%. Equities research 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 announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

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.