Advisors Asset Management Inc. Acquires 218 Shares of Curtiss-Wright Co. (NYSE:CW)

Advisors Asset Management Inc. lifted its holdings in Curtiss-Wright Co. (NYSE:CW) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,725 shares of the aerospace company’s stock after purchasing an additional 218 shares during the quarter. Advisors Asset Management Inc.’s holdings in Curtiss-Wright were worth $5,225,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CW. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright in the third quarter valued at about $53,000. Brooklyn Investment Group acquired a new stake in shares of Curtiss-Wright in the third quarter valued at about $59,000. UMB Bank n.a. boosted its position 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 during the last quarter. Finally, Morse Asset Management Inc bought a new position in Curtiss-Wright in the third quarter valued at approximately $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Truist Financial upped their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Citigroup began coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 3,131 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 42,887 shares of the company’s stock, valued at approximately $13,955,858.67. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Kevin Rayment sold 2,664 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total value of $924,194.88. Following the completion of the sale, the chief operating officer now owns 24,236 shares of the company’s stock, valued at approximately $8,407,953.12. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $331.30 on Thursday. The stock has a market cap of $12.48 billion, a PE ratio of 31.40, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The firm has a 50-day moving average of $338.23 and a 200-day moving average of $345.29. Curtiss-Wright Co. has a 52-week low of $242.52 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 the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.25%. 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.