Farther Finance Advisors LLC Raises Holdings in Curtiss-Wright Co. (NYSE:CW)

Farther Finance Advisors LLC boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 129.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,739 shares of the aerospace company’s stock after purchasing an additional 982 shares during the quarter. Farther Finance Advisors LLC’s holdings in Curtiss-Wright were worth $617,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CW. Atria Investments Inc increased its holdings in shares of Curtiss-Wright by 37.6% in the 3rd quarter. Atria Investments Inc now owns 3,743 shares of the aerospace company’s stock valued at $1,230,000 after acquiring an additional 1,022 shares during the last quarter. Versor Investments LP purchased a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $329,000. Victory Capital Management Inc. increased its holdings in shares of Curtiss-Wright by 20.6% in the 3rd quarter. Victory Capital Management Inc. now owns 37,264 shares of the aerospace company’s stock valued at $12,248,000 after acquiring an additional 6,368 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Curtiss-Wright by 487.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,277 shares of the aerospace company’s stock valued at $3,049,000 after acquiring an additional 7,699 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $542,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 2.7 %

Shares of CW stock opened at $322.52 on Friday. The business’s 50 day moving average is $339.57 and its two-hundred day moving average is $345.00. Curtiss-Wright Co. has a twelve month low of $241.44 and a twelve month high of $393.40. The company has a market capitalization of $12.15 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Equities analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared 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 is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Analysts Set New Price Targets

A number of research firms have recently commented on CW. Truist Financial increased their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research note on Monday, November 18th. Finally, Citigroup initiated coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $386.86.

Insider Activity at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 116 shares of company stock worth $35,278 and have sold 15,935 shares worth $5,528,147. Company insiders own 0.67% of the company’s stock.

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.