LPL Financial LLC Acquires 9,939 Shares of Curtiss-Wright Co. (NYSE:CW)

LPL Financial LLC boosted its holdings in Curtiss-Wright Co. (NYSE:CW) by 65.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,069 shares of the aerospace company’s stock after purchasing an additional 9,939 shares during the period. LPL Financial LLC owned about 0.07% of Curtiss-Wright worth $8,896,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new position in Curtiss-Wright in the fourth quarter valued at approximately $401,000. KLP Kapitalforvaltning AS bought a new stake in Curtiss-Wright in the 4th quarter valued at about $3,513,000. Virtu Financial LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $229,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Curtiss-Wright by 3.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 25,583 shares of the aerospace company’s stock valued at $9,078,000 after purchasing an additional 908 shares during the period. Finally, Whittier Trust Co. boosted its holdings in Curtiss-Wright by 3.1% in the 4th quarter. Whittier Trust Co. now owns 59,405 shares of the aerospace company’s stock worth $21,080,000 after buying an additional 1,805 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Truist Financial increased their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Citigroup initiated coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average price target of $386.86.

Insider Buying and Selling

In related news, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This trade represents a 7.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John C. Watts sold 622 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Stock Down 6.4 %

CW opened at $283.63 on Friday. The firm has a market capitalization of $10.68 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a one year low of $246.43 and a one year high of $393.40. The company has a fifty day moving average price of $327.23 and a 200-day moving average price of $346.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Equities research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Curtiss-Wright 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.