Athena Investment Management Purchases Shares of 851 Curtiss-Wright Co. (NYSE:CW)

Athena Investment Management purchased a new stake in Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 851 shares of the aerospace company’s stock, valued at approximately $302,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. bought a new stake in Curtiss-Wright during the fourth quarter worth $239,000. Truist Financial Corp grew its holdings in Curtiss-Wright by 6.2% during the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock worth $5,050,000 after buying an additional 825 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Curtiss-Wright during the third quarter worth $542,000. Fisher Asset Management LLC grew its holdings in Curtiss-Wright by 8.4% during the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after buying an additional 5,437 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after buying an additional 1,754 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

Shares of CW opened at $322.24 on Friday. The stock’s 50-day simple moving average is $348.05 and its 200 day simple moving average is $344.00. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a 52-week low of $234.49 and a 52-week high of $393.40.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CW shares. Citigroup started coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Morgan Stanley upped their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial upped their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Finally, Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $386.86.

Insider Buying and Selling

In other news, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the transaction, the insider now directly owns 18,405 shares in the company, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Watts sold 622 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by insiders.

About Curtiss-Wright

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.