Modern Wealth Management LLC Takes Position in Curtiss-Wright Co. (NYSE:CW)

Modern Wealth Management LLC acquired a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 846 shares of the aerospace company’s stock, valued at approximately $299,000.

Other large investors have also bought and sold shares of the company. Atomi Financial Group Inc. acquired a new position in shares of Curtiss-Wright during the fourth quarter worth $239,000. Truist Financial Corp increased its holdings in Curtiss-Wright by 6.2% in the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock worth $5,050,000 after purchasing an additional 825 shares in the last quarter. Athena Investment Management bought a new position in Curtiss-Wright in the fourth quarter valued at about $302,000. Fisher Asset Management LLC boosted its stake in shares of Curtiss-Wright by 8.4% during the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after purchasing an additional 5,437 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Curtiss-Wright by 1,694.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company’s stock worth $4,210,000 after purchasing an additional 11,202 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CW shares. 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 raised their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Stock Down 1.4 %

Curtiss-Wright stock opened at $325.22 on Friday. The firm has a 50 day moving average price of $335.14 and a two-hundred day moving average price of $346.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a 52-week low of $246.43 and a 52-week high of $393.40. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last announced 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%. Equities analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

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

Insider Buying and Selling

In related 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 transaction, the chief executive officer now directly owns 42,887 shares of the company’s stock, valued at $13,955,858.67. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, 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. Over the last 90 days, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by 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.