Atria Wealth Solutions Inc. Increases Position in Curtiss-Wright Co. (NYSE:CW)

Atria Wealth Solutions Inc. increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,772 shares of the aerospace company’s stock after acquiring an additional 105 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Curtiss-Wright were worth $629,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. YANKCOM Partnership acquired a new position in Curtiss-Wright during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at $53,000. UMB Bank n.a. raised its stake in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 64 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $59,000. Finally, Morse Asset Management Inc purchased a new position in shares of Curtiss-Wright in the 3rd quarter valued at approximately $69,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

CW stock opened at $318.75 on Thursday. The stock has a 50-day moving average price of $349.41 and a two-hundred day moving average price of $344.04. The company has a market cap of $12.00 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12-month low of $234.37 and a 12-month high of $393.40.

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

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be issued a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, 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 value of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CW has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Truist Financial upped their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Citigroup started coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

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.