Commonwealth Equity Services LLC Has $7.75 Million Stake in Curtiss-Wright Co. (NYSE:CW)

Commonwealth Equity Services LLC boosted its holdings in Curtiss-Wright Co. (NYSE:CW) by 37.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,851 shares of the aerospace company’s stock after purchasing an additional 5,976 shares during the quarter. Commonwealth Equity Services LLC owned 0.06% of Curtiss-Wright worth $7,754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CW. Swiss National Bank raised its position in shares of Curtiss-Wright by 0.7% in the 4th quarter. Swiss National Bank now owns 75,300 shares of the aerospace company’s stock valued at $26,722,000 after buying an additional 500 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of Curtiss-Wright by 40.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,882 shares of the aerospace company’s stock valued at $668,000 after buying an additional 541 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at approximately $520,000. Farther Finance Advisors LLC raised its position in shares of Curtiss-Wright by 129.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,739 shares of the aerospace company’s stock valued at $617,000 after buying an additional 982 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Curtiss-Wright by 4.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,495 shares of the aerospace company’s stock valued at $3,015,000 after buying an additional 329 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. This represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 622 shares of the stock in a transaction on 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 trade represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

CW stock opened at $327.14 on Friday. Curtiss-Wright Co. has a 1 year low of $245.69 and a 1 year high of $393.40. 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 cap of $12.32 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a 50 day simple moving average of $337.75 and a 200 day simple moving average of $345.16.

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

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CW shares. Citigroup started coverage on shares of 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 shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Finally, Truist Financial upped their price objective 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

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.