Morey & Quinn Wealth Partners LLC Purchases Shares of 871 Curtiss-Wright Co. (NYSE:CW)

Morey & Quinn Wealth Partners LLC bought a new stake in Curtiss-Wright Co. (NYSE:CW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 871 shares of the aerospace company’s stock, valued at approximately $309,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. William Blair Investment Management LLC bought a new stake in shares of Curtiss-Wright during the 4th quarter worth about $132,626,000. TimesSquare Capital Management LLC grew its position in shares of Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock valued at $62,483,000 after purchasing an additional 166,672 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Curtiss-Wright by 170.2% during the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after purchasing an additional 163,433 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after purchasing an additional 160,395 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in Curtiss-Wright in the 3rd quarter valued at $47,220,000. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of 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 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. Finally, Citigroup began coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $386.86.

Insider Buying and Selling at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 1,907 shares of the company’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 transaction of $661,690.86. Following the transaction, the insider now directly owns 18,405 shares of the company’s stock, valued at $6,386,166.90. This represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at $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 ninety days, insiders purchased 116 shares of company stock valued at $35,278 and 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 $339.69 on Wednesday. The company’s fifty day simple moving average is $336.59 and its 200 day simple moving average is $346.40. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last issued 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 return on equity of 17.11% and a net margin of 12.98%. On average, analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

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.