Wedge Capital Management L L P NC Buys 488 Shares of Curtiss-Wright Co. (NYSE:CW)

Wedge Capital Management L L P NC raised its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 18,914 shares of the aerospace company’s stock after purchasing an additional 488 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Curtiss-Wright were worth $4,214,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CW. Pacer Advisors Inc. lifted its position in shares of Curtiss-Wright by 92.5% during the 4th quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company’s stock worth $1,835,000 after buying an additional 3,957 shares during the period. Cadinha & Co. LLC lifted its position in shares of Curtiss-Wright by 1,101.1% during the 4th quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock worth $15,507,000 after buying an additional 63,810 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Curtiss-Wright by 71.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,994 shares of the aerospace company’s stock worth $1,558,000 after buying an additional 2,924 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Curtiss-Wright by 729.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company’s stock worth $3,996,000 after buying an additional 17,964 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Curtiss-Wright by 80.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 69,463 shares of the aerospace company’s stock worth $13,589,000 after buying an additional 30,972 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Down 0.3 %

NYSE CW opened at $252.64 on Thursday. The stock has a fifty day moving average of $245.96 and a 200-day moving average of $226.03. The stock has a market capitalization of $9.67 billion, a P/E ratio of 27.46 and a beta of 1.18. Curtiss-Wright Co. has a 52 week low of $157.72 and a 52 week high of $261.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The company had revenue of $785.79 million during the quarter, compared to analysts’ expectations of $737.09 million. During the same period last year, the firm earned $2.92 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts forecast 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. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.32%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.70%.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “hold” rating and set a $240.00 price target (down from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. Robert W. Baird raised their price target on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Friday, April 19th. Finally, Stifel Nicolaus raised their price target on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $260.25.

Insider Buying and Selling

In related news, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total transaction of $225,283.75. Following the completion of the sale, the chief financial officer now directly owns 10,052 shares of the company’s stock, valued at $2,448,164.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares in the company, valued at $3,985,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total value of $225,283.75. Following the transaction, the chief financial officer now owns 10,052 shares in the company, valued at $2,448,164.60. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock valued at $3,030,512 over the last three months. Company insiders own 0.67% of the company’s stock.

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.