2,070 Shares in Curtiss-Wright Corporation $CW Acquired by Oak Thistle LLC

Key Points

• Oak Thistle LLC opened a new position in Curtiss‑Wright (NYSE: CW) in Q4, buying 2,070 shares worth about $1.14 million, as other institutions also modestly increased stakes and institutional ownership sits near 82.71%.
• Curtiss‑Wright beat quarterly estimates with EPS of $3.79 (vs. $3.66) and revenue of $946.98M (up 14.9% year‑over‑year), and the company has a market cap of $26.63B and a P/E of 56.06.
• Insiders sold 22,717 shares (~$14.53M) over the last quarter (including sales by the COO and a VP), and the company declared a quarterly dividend of $0.24 per share payable April 13 (annualized $0.96, yield ~0.1%).

Oak Thistle LLC bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,070 shares of the aerospace company's stock, valued at approximately $1,141,000.

A number of other large investors have also recently made changes to their positions in the company. CCG Wealth Management LLC increased its stake in shares of Curtiss-Wright by 1.1% during the fourth quarter. CCG Wealth Management LLC now owns 2,134 shares of the aerospace company's stock worth $1,176,000 after buying an additional 24 shares during the period. Baer Investment Advisory LLC increased its stake in shares of Curtiss-Wright by 4.2% during the fourth quarter. Baer Investment Advisory LLC now owns 7,963 shares of the aerospace company's stock worth $4,390,000 after buying an additional 324 shares during the period. Aaron Wealth Advisors LLC increased its stake in shares of Curtiss-Wright by 4.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,847 shares of the aerospace company's stock worth $1,569,000 after buying an additional 132 shares during the period. Newbridge Financial Services Group Inc. increased its stake in shares of Curtiss-Wright by 6.4% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,281 shares of the aerospace company's stock worth $1,809,000 after buying an additional 197 shares during the period. Finally, Signaturefd LLC increased its stake in Curtiss-Wright by 23.8% in the fourth quarter. Signaturefd LLC now owns 562 shares of the aerospace company's stock valued at $310,000 after purchasing an additional 108 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

CW stock opened at $721.55 on Friday. The company has a market capitalization of $26.63 billion, a P/E ratio of 56.06, a PEG ratio of 3.55 and a beta of 0.91. Curtiss-Wright Corporation has a twelve month low of $301.74 and a twelve month high of $739.99. The business has a 50 day simple moving average of $683.83 and a 200-day simple moving average of $610.50. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. The business had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The company's revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.27 earnings per share. As a group, equities analysts anticipate that Curtiss-Wright Corporation 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 13th. Investors of record on Thursday, March 26th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.46%.

Insider Activity

In related news, COO Kevin Rayment sold 907 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the sale, the chief operating officer directly owned 31,493 shares of the company's stock, valued at $21,332,728.34. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP George P. Mcdonald sold 151 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $678.07, for a total value of $102,388.57. Following the sale, the vice president directly owned 4,210 shares of the company's stock, valued at approximately $2,854,674.70. This represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,717 shares of company stock valued at $14,533,791. 0.51% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on CW. 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. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research note on Friday, January 9th. 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Finally, Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a "hold" rating in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus price target of $664.83.

Curtiss-Wright Company 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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