Raymond James Financial Inc. Purchases Shares of 88,755 Curtiss-Wright Co. (NYSE:CW)

Raymond James Financial Inc. acquired a new position in Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 88,755 shares of the aerospace company’s stock, valued at approximately $31,497,000. Raymond James Financial Inc. owned 0.23% of Curtiss-Wright as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. purchased a new stake in Curtiss-Wright during the 4th quarter valued at approximately $239,000. Truist Financial Corp grew its stake in Curtiss-Wright by 6.2% during the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock valued at $5,050,000 after acquiring an additional 825 shares in the last quarter. Athena Investment Management bought a new stake in Curtiss-Wright in the 4th quarter valued at $302,000. Daiwa Securities Group Inc. lifted its stake in Curtiss-Wright by 1,694.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company’s stock worth $4,210,000 after purchasing an additional 11,202 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Curtiss-Wright by 28.9% during the 4th quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company’s stock valued at $54,519,000 after purchasing an additional 34,489 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $319.83 on Thursday. The stock has a 50 day moving average price of $320.22 and a 200-day moving average price of $345.45. Curtiss-Wright Co. has a one year low of $248.00 and a one year high of $393.40. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. 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 (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating 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 analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Analyst Upgrades and Downgrades

CW has been the topic of several research reports. Truist Financial lifted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Stifel Nicolaus decreased their price objective on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday. Finally, Citigroup cut their target price 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 given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $380.14.

Insider Buying and Selling at Curtiss-Wright

In other news, VP George P. Mcdonald sold 148 shares of Curtiss-Wright 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 trade represents a 7.23 % decrease in their ownership of the stock. The transaction 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 company’s 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 completion of 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. Insiders sold 21,797 shares of company stock worth $7,436,255 over the last 90 days. Company insiders own 0.67% of the company’s stock.

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.