Curtiss-Wright Co. (NYSE:CW) Shares Acquired by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lifted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,495 shares of the aerospace company’s stock after buying an additional 61 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Curtiss-Wright were worth $556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fiera Capital Corp purchased a new stake in Curtiss-Wright in the third quarter valued at approximately $31,386,000. International Assets Investment Management LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter worth $31,816,000. Seizert Capital Partners LLC raised its holdings in shares of Curtiss-Wright by 674.7% during the third quarter. Seizert Capital Partners LLC now owns 111,826 shares of the aerospace company’s stock worth $21,877,000 after purchasing an additional 97,392 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Curtiss-Wright during the fourth quarter valued at $18,462,000. Finally, Cadinha & Co. LLC boosted its holdings in Curtiss-Wright by 1,101.1% in the fourth quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock valued at $15,507,000 after purchasing an additional 63,810 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

Shares of CW traded up $0.52 during trading hours on Friday, hitting $254.01. 137,055 shares of the stock were exchanged, compared to its average volume of 185,580. The stock’s 50-day moving average price is $246.71 and its two-hundred day moving average price is $226.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 27.61 and a beta of 1.18. Curtiss-Wright Co. has a 12-month low of $157.72 and a 12-month high of $261.46.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The business had revenue of $785.79 million during the quarter, compared to analysts’ expectations of $737.09 million. During the same period in the prior year, the business earned $2.92 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts expect that Curtiss-Wright Co. will post 10.16 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given 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 yield of 0.31%. Curtiss-Wright’s payout ratio is 8.70%.

Insiders Place Their Bets

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the sale, the vice president now owns 17,383 shares of the company’s stock, valued at $4,171,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kevin Rayment sold 1,070 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.50, for a total value of $260,545.00. Following the sale, the chief operating officer now directly owns 28,329 shares of the company’s stock, valued at approximately $6,898,111.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,451 shares of company stock valued at $3,030,512. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CW. Robert W. Baird upped their target price on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus raised their price objective on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Truist Financial reissued a “hold” rating and issued a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.25.

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.