Signature Estate & Investment Advisors LLC Purchases New Holdings in Curtiss-Wright Co. (NYSE:CW)

Signature Estate & Investment Advisors LLC acquired a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, HoldingsChannel reports. The firm acquired 579 shares of the aerospace company’s stock, valued at approximately $205,000.

A number of other hedge funds have also made changes to their positions in the company. YANKCOM Partnership purchased a new position in shares of Curtiss-Wright in the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright in the 3rd quarter valued at about $53,000. Brooklyn Investment Group purchased a new position in Curtiss-Wright in the 3rd quarter worth approximately $59,000. UMB Bank n.a. boosted its holdings in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 64 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 1.4 %

NYSE CW opened at $325.22 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The stock has a market capitalization of $12.25 billion, a P/E ratio of 30.83, a PEG ratio of 2.48 and a beta of 1.15. The firm’s 50-day moving average is $335.14 and its two-hundred day moving average is $346.14. Curtiss-Wright Co. has a 12 month low of $246.43 and a 12 month high of $393.40.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 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 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP George P. Mcdonald sold 148 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 $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at $617,953.59. This represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CW. Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

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.