Curtiss-Wright Co. (NYSE:CW) is Candelo Capital Management LP’s 2nd Largest Position

Candelo Capital Management LP boosted its stake in Curtiss-Wright Co. (NYSE:CW) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,346 shares of the aerospace company’s stock after acquiring an additional 2,846 shares during the period. Curtiss-Wright accounts for about 4.0% of Candelo Capital Management LP’s holdings, making the stock its 2nd biggest position. Candelo Capital Management LP owned about 0.06% of Curtiss-Wright worth $7,930,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc purchased a new position in Curtiss-Wright in the 3rd quarter valued at approximately $69,000. Sanctuary Advisors LLC raised its stake in Curtiss-Wright by 91.7% in the third quarter. Sanctuary Advisors LLC now owns 1,794 shares of the aerospace company’s stock valued at $590,000 after purchasing an additional 858 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth $47,220,000. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright during the third quarter worth about $53,000. Finally, Tidal Investments LLC boosted its stake in Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the business’s 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 transaction, the insider now directly owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company’s stock, valued at $617,953.59. The trade was a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,797 shares of company stock valued at $7,436,255 over the last three months. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

NYSE CW opened at $322.98 on Wednesday. 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 stock has a 50-day moving average of $318.12 and a 200 day moving average of $345.06. Curtiss-Wright Co. has a one year low of $249.14 and a one year high of $393.40. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.48 and a beta of 1.03.

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, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup reduced their price objective on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus dropped their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Truist Financial dropped their price target on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. 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.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.43.

Curtiss-Wright 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.