Athena Investment Management Takes Position in Curtiss-Wright Co. (NYSE:CW)

Athena Investment Management purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 851 shares of the aerospace company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. YANKCOM Partnership bought a new position in Curtiss-Wright during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Curtiss-Wright in the 3rd quarter worth approximately $53,000. UMB Bank n.a. lifted its holdings in Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after buying an additional 64 shares during the period. Brooklyn Investment Group purchased a new stake in Curtiss-Wright in the 3rd quarter worth approximately $59,000. Finally, Morse Asset Management Inc purchased a new stake in Curtiss-Wright in the 3rd quarter worth approximately $69,000. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CW shares. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Citigroup began coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. Finally, Morgan Stanley lifted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Trading Up 2.0 %

Curtiss-Wright stock opened at $322.24 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The business’s fifty day simple moving average is $348.05 and its two-hundred day simple moving average is $344.00. Curtiss-Wright Co. has a 12 month low of $234.49 and a 12 month high of $393.40. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19.

Curtiss-Wright (NYSE:CW) last posted 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 return on equity of 17.11% and a net margin of 12.98%. As a group, equities analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 622 shares of the company’s 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 completion of the sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Company insiders own 0.67% of the company’s stock.

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.