1,822 Shares in Curtiss-Wright Corporation $CW Bought by Smith Chas P & Associates PA Cpas

Key Points

• Smith Chas P & Associates bought 1,822 shares of Curtiss-Wright in the fourth quarter, worth about $1.0 million, as institutional investors continue to hold a large majority of the stock.
• Insiders have been selling shares: CEO Lynn M. Bamford and COO Kevin Rayment both reduced holdings in March, and insider selling totaled 6,181 shares worth about $4.2 million over the last three months.
• Curtiss-Wright reported strong quarterly results, with EPS of $3.48 and revenue of $913.69 million, both ahead of estimates; analysts currently rate the stock Moderate Buy with a consensus price target of $746.67.

Smith Chas P & Associates PA Cpas bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,822 shares of the aerospace company's stock, valued at approximately $1,005,000.

Other large investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright during the third quarter worth $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright during the fourth quarter worth $31,000. Larson Financial Group LLC lifted its stake in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock valued at $33,000 after acquiring an additional 21 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at $43,000. Finally, Sunbelt Securities Inc. acquired a new stake in Curtiss-Wright in the third quarter valued at $43,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 3,225 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total value of $2,182,357.50. Following the transaction, the chief executive officer directly owned 50,634 shares of the company's stock, valued at $34,264,027.80. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kevin Rayment sold 907 shares of the firm's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total transaction of $614,383.66. Following the transaction, the chief operating officer directly owned 31,493 shares in the company, valued at approximately $21,332,728.34. This represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 6,181 shares of company stock valued at $4,204,919. 0.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CW has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $746.67.

Curtiss-Wright Price Performance

Shares of CW opened at $742.83 on Thursday. The firm has a market capitalization of $27.44 billion, a PE ratio of 54.42, a PEG ratio of 3.48 and a beta of 0.86. The company's 50-day moving average is $713.43 and its 200-day moving average is $649.95. Curtiss-Wright Corporation has a fifty-two week low of $435.35 and a fifty-two week high of $760.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company's revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. Equities analysts forecast that Curtiss-Wright Corporation will post 15.15 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright's dividend payout ratio is presently 7.03%.

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.

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