Pittenger & Anderson Inc. Makes New $403,000 Investment in Curtiss-Wright Corporation $CW

Pittenger & Anderson Inc. acquired a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 731 shares of the aerospace company’s stock, valued at approximately $403,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Curtiss-Wright by 1.2% during the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after acquiring an additional 16,962 shares in the last quarter. TD Asset Management Inc grew its holdings in Curtiss-Wright by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after acquiring an additional 2,153 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Curtiss-Wright by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after acquiring an additional 39,515 shares in the last quarter. Van ECK Associates Corp grew its holdings in Curtiss-Wright by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock worth $401,794,000 after acquiring an additional 37,069 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Curtiss-Wright by 25.5% during the 3rd quarter. AQR Capital Management LLC now owns 487,675 shares of the aerospace company’s stock worth $262,828,000 after acquiring an additional 99,182 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research report on Friday, January 9th. Citigroup raised their price target on shares of Curtiss-Wright from $718.00 to $728.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Morgan Stanley restated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus target price of $677.00.

Insider Transactions at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 252 shares of Curtiss-Wright stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total value of $173,663.28. Following the sale, the vice president directly owned 2,571 shares in the company, valued at $1,771,778.94. This trade represents a 8.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert F. Freda sold 140 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $678.61, for a total transaction of $95,005.40. Following the completion of the sale, the vice president owned 5,343 shares in the company, valued at approximately $3,625,813.23. This represents a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,717 shares of company stock worth $14,533,791 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Trading Down 0.1%

Curtiss-Wright stock opened at $712.66 on Monday. The firm’s 50-day moving average is $701.67 and its 200-day moving average is $631.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. Curtiss-Wright Corporation has a 1 year low of $352.03 and a 1 year high of $748.14. The company has a market cap of $26.30 billion, a P/E ratio of 55.37, a PEG ratio of 3.38 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. The company had revenue of $946.98 million for the quarter, compared to the consensus estimate of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $3.27 EPS. On average, equities analysts expect that Curtiss-Wright Corporation will post 15.06 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 26th were given a $0.24 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.46%.

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.