Creekmur Asset Management LLC Takes Position in Curtiss-Wright Co. (NYSE:CW)

Creekmur Asset Management LLC acquired a new stake in shares of Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 143 shares of the aerospace company’s stock, valued at approximately $32,000.

Other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Curtiss-Wright during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC lifted its holdings in shares of Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Sachetta LLC bought a new position in shares of Curtiss-Wright during the 4th quarter valued at about $45,000. Orion Capital Management LLC acquired a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $49,000. Finally, GAMMA Investing LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at approximately $57,000. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Truist Financial lifted their target price on Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 5th. Morgan Stanley lifted their target price on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird boosted their price target on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $302.50.

Insider Transactions at Curtiss-Wright

In other news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now directly owns 15,942 shares in the company, valued at approximately $3,985,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now directly owns 15,942 shares in the company, valued at approximately $3,985,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Marce Fuller sold 5,300 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the transaction, the director now owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The disclosure for this sale can be found here. In the last three months, insiders sold 16,215 shares of company stock worth $4,484,765. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Stock Up 1.8 %

NYSE:CW opened at $270.90 on Tuesday. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 27.90 and a beta of 1.22. Curtiss-Wright Co. has a twelve month low of $171.30 and a twelve month high of $286.65. The stock’s 50 day moving average price is $267.41 and its two-hundred day moving average price is $243.57. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.24. The firm had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 EPS. Equities research analysts expect that Curtiss-Wright Co. will post 10.27 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.21 per share. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Monday, June 17th. Curtiss-Wright’s payout ratio is currently 8.24%.

About Curtiss-Wright

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.