Cetera Investment Advisers Buys 1,566 Shares of Curtiss-Wright Co. (NYSE:CW)

Cetera Investment Advisers grew its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,718 shares of the aerospace company's stock after buying an additional 1,566 shares during the period. Cetera Investment Advisers' holdings in Curtiss-Wright were worth $5,933,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $31,000. Ancora Advisors LLC acquired a new stake in Curtiss-Wright during the 4th quarter worth approximately $49,000. UMB Bank n.a. lifted its holdings in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after purchasing an additional 64 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in Curtiss-Wright during the 4th quarter worth approximately $70,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Curtiss-Wright by 85.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock worth $82,000 after purchasing an additional 105 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Truist Financial dropped their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. StockNews.com raised Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Citigroup dropped their price target on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Stifel Nicolaus dropped their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $377.43.

Insider Activity

In related news, CFO K Christopher Farkas sold 922 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.47, for a total transaction of $300,083.34. Following the sale, the chief financial officer now owns 14,033 shares in the company, valued at $4,567,320.51. The trade was a 6.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,642 shares of company stock worth $3,581,107. Insiders own 0.55% of the company's stock.

Curtiss-Wright Price Performance

NYSE CW traded up $7.90 during midday trading on Monday, hitting $418.01. The company had a trading volume of 246,602 shares, compared to its average volume of 270,769. The company has a market capitalization of $15.74 billion, a PE ratio of 39.62, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $337.22 and a 200-day moving average price of $347.50. Curtiss-Wright Co. has a twelve month low of $258.85 and a twelve month high of $418.31.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.43. The firm had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.99 EPS. As a group, analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

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.