Main Street Research LLC Purchases New Position in Curtiss-Wright Co. (NYSE:CW)

Main Street Research LLC purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 940 shares of the aerospace company’s stock, valued at approximately $209,000.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Curtiss-Wright by 16.9% during the 1st quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock worth $614,000 after acquiring an additional 593 shares during the period. US Bancorp DE boosted its position in shares of Curtiss-Wright by 15.4% in the 1st quarter. US Bancorp DE now owns 5,655 shares of the aerospace company’s stock worth $849,000 after purchasing an additional 756 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Curtiss-Wright by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock worth $1,141,000 after purchasing an additional 121 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Curtiss-Wright in the 1st quarter worth approximately $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Curtiss-Wright by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock worth $2,159,000 after purchasing an additional 1,371 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

CW traded up $3.54 during mid-day trading on Tuesday, reaching $250.62. 69,289 shares of the company traded hands, compared to its average volume of 186,885. The stock has a market capitalization of $9.59 billion, a P/E ratio of 26.87 and a beta of 1.18. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average price is $242.87 and its 200-day moving average price is $223.44. Curtiss-Wright Co. has a 52-week low of $157.72 and a 52-week high of $261.46.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.92 by $0.24. The firm had revenue of $785.79 million during the quarter, compared to analyst estimates of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. Curtiss-Wright’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.92 EPS. On average, sell-side analysts expect that Curtiss-Wright Co. will post 10.16 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.32%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.70%.

Insider Transactions at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,736 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the sale, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock worth $3,030,512 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CW shares. Truist Financial reaffirmed a “hold” rating and issued a $240.00 price objective (down from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Stifel Nicolaus upped their price objective on Curtiss-Wright from $244.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Robert W. Baird upped their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $256.00.

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.