O Brien Greene & Co. Inc Acquires Shares of 11,901 Curtiss-Wright Corporation $CW

O Brien Greene & Co. Inc bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the 3rd quarter, HoldingsChannel reports. The fund bought 11,901 shares of the aerospace company’s stock, valued at approximately $6,462,000. Curtiss-Wright comprises approximately 2.0% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Atlantic Union Bankshares Corp bought a new position in Curtiss-Wright in the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Curtiss-Wright during the 2nd quarter worth approximately $27,000. Penserra Capital Management LLC purchased a new stake in shares of Curtiss-Wright in the second quarter worth approximately $29,000. First Horizon Corp bought a new position in shares of Curtiss-Wright in the third quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Curtiss-Wright by 8,800.0% during the third quarter. Cornerstone Planning Group LLC now owns 89 shares of the aerospace company’s stock valued at $53,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $699.68 on Tuesday. The company has a market capitalization of $25.80 billion, a P/E ratio of 54.36, a P/E/G ratio of 3.45 and a beta of 0.93. The business has a fifty day simple moving average of $624.94 and a two-hundred day simple moving average of $565.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $715.00.

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

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders 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 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.46%.

Insider Transactions at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 625 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $624.32, for a total value of $390,200.00. Following the completion of the transaction, the vice president directly owned 2,571 shares of the company’s stock, valued at approximately $1,605,126.72. This trade represents a 19.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John C. Watts sold 652 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total transaction of $407,871.64. Following the sale, the executive vice president directly owned 3,890 shares in the company, valued at $2,433,467.30. The trade was a 14.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 17,269 shares of company stock valued at $10,797,098. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Citigroup increased their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $663.17.

Curtiss-Wright 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.