Frontier Asset Management LLC Makes New $204,000 Investment in Curtiss-Wright Co. (NYSE:CW)

Frontier Asset Management LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 574 shares of the aerospace company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Personal CFO Solutions LLC bought a new position in shares of Curtiss-Wright in the 4th quarter worth about $217,000. Amundi increased its position in Curtiss-Wright by 544.9% in the 4th quarter. Amundi now owns 18,985 shares of the aerospace company’s stock valued at $6,681,000 after buying an additional 16,041 shares in the last quarter. Callan Family Office LLC bought a new stake in Curtiss-Wright in the 4th quarter valued at about $223,000. Raymond James Financial Inc. bought a new stake in Curtiss-Wright in the 4th quarter valued at about $31,497,000. Finally, Arizona State Retirement System increased its position in Curtiss-Wright by 0.8% in the 4th quarter. Arizona State Retirement System now owns 11,115 shares of the aerospace company’s stock valued at $3,944,000 after buying an additional 86 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Trading Up 0.3 %

Shares of CW stock opened at $314.45 on Friday. The company’s fifty day simple moving average is $343.61 and its two-hundred day simple moving average is $344.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a 1 year low of $236.31 and a 1 year high of $393.40. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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%. As a group, 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 announced a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 yield of 0.27%. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research analyst reports. Citigroup initiated coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Truist Financial boosted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP John C. Watts sold 622 shares of the 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 sale, the vice president now owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 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 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.