Newbridge Financial Services Group Inc. Purchases 1,450 Shares of Curtiss-Wright Corporation $CW

Newbridge Financial Services Group Inc. increased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 88.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,084 shares of the aerospace company’s stock after acquiring an additional 1,450 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Curtiss-Wright were worth $1,675,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Clearstead Advisors LLC raised its holdings in shares of Curtiss-Wright by 1.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after purchasing an additional 17 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in Curtiss-Wright by 1.8% during the third quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock valued at $554,000 after buying an additional 18 shares during the period. Huntington National Bank increased its holdings in Curtiss-Wright by 9.5% during the third quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock valued at $113,000 after buying an additional 18 shares during the period. Banque Cantonale Vaudoise raised its stake in Curtiss-Wright by 2.7% in the third quarter. Banque Cantonale Vaudoise now owns 974 shares of the aerospace company’s stock worth $529,000 after buying an additional 26 shares in the last quarter. Finally, Journey Strategic Wealth LLC raised its stake in Curtiss-Wright by 7.0% in the third quarter. Journey Strategic Wealth LLC now owns 444 shares of the aerospace company’s stock worth $241,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

NYSE CW opened at $654.64 on Friday. The firm’s fifty day simple moving average is $663.82 and its two-hundred day simple moving average is $584.74. The firm has a market capitalization of $24.14 billion, a P/E ratio of 50.87, a P/E/G ratio of 3.31 and a beta of 0.91. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $730.12.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.66 by $0.13. The firm had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.27 EPS. Analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be paid a $0.24 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 9,327 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the transaction, the chief executive officer owned 46,192 shares in the company, valued at $28,936,978.40. This represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 2,665 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the transaction, the chief financial officer directly owned 7,358 shares of the company’s stock, valued at $4,608,536.14. The trade was a 26.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,269 shares of company stock valued at $10,797,098 in the last 90 days. 0.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CW has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Citigroup raised their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $663.17.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.