Nomura Holdings Inc. Invests $1.79 Million in Curtiss-Wright Co. (NYSE:CW)

Nomura Holdings Inc. bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,035 shares of the aerospace company’s stock, valued at approximately $1,787,000.

A number of other large investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in Curtiss-Wright by 0.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock worth $1,178,000 after acquiring an additional 29 shares during the period. Harbour Investments Inc. increased its stake in Curtiss-Wright by 10.6% during the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 30 shares during the period. Cornerstone Investment Partners LLC increased its stake in Curtiss-Wright by 3.6% during the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 32 shares during the period. Baird Financial Group Inc. increased its stake in Curtiss-Wright by 1.6% during the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company’s stock worth $753,000 after acquiring an additional 34 shares during the period. Finally, Aaron Wealth Advisors LLC increased its stake in Curtiss-Wright by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock worth $275,000 after acquiring an additional 37 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.7%

Shares of CW opened at $410.05 on Friday. Curtiss-Wright Co. has a 52-week low of $258.85 and a 52-week high of $410.35. The business’s fifty day moving average is $335.15 and its 200-day moving average is $347.01. 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 firm has a market cap of $15.44 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The company had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. During the same quarter last year, the business posted $1.99 EPS. Curtiss-Wright’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be issued a dividend of $0.24 per share. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CW shares. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. Citigroup decreased their price target 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 decreased their price target on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial decreased their price target on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $377.43.

Insider Activity at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares of the company’s stock, valued at $3,238,550. The trade was a 34.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright 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 directly owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock valued at $3,581,107 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

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.