EP Wealth Advisors LLC Purchases New Position in Curtiss-Wright Co. (NYSE:CW)

EP Wealth Advisors LLC acquired a new position in Curtiss-Wright Co. (NYSE:CW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 908 shares of the aerospace company’s stock, valued at approximately $298,000.

Several other hedge funds have also modified their holdings of the company. Tsfg LLC lifted its position in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. UMB Bank n.a. raised its position in shares of Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after buying an additional 79 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $59,000. Morse Asset Management Inc purchased a new position in Curtiss-Wright in the third quarter worth about $69,000. Finally, Kennebec Savings Bank bought a new stake in Curtiss-Wright during the third quarter worth approximately $72,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CW. Truist Financial raised their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a report on Monday, November 18th. Finally, Morgan Stanley lifted their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $379.00.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John C. Watts sold 412 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Stock Up 0.1 %

CW stock opened at $366.56 on Friday. The stock has a market capitalization of $13.91 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18. Curtiss-Wright Co. has a 52 week low of $212.05 and a 52 week high of $393.40. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $362.34 and a 200 day moving average of $316.57.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

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.