Curtiss-Wright Corporation $CW Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Curtiss‑Wright by 16.8% to 13,667 shares valued at $8.115 million, joining other institutional moves that leave 82.71% of the stock held by funds.
• Company insiders have been net sellers — including two VP sales on March 17 — with a total of 23,112 shares sold worth about $14.77 million over the past three months, leaving insiders with just 0.55% ownership.
• Curtiss‑Wright recently beat estimates with $3.79 EPS (vs. $3.66) and revenue of $946.98M (up 14.9% YoY), announced a $0.24 quarterly dividend (annualized $0.96, ~0.1% yield), and trades with a market cap of $24.46 billion and a 52‑week range of $266.88–$730.12.

Wealth Enhancement Advisory Services LLC grew its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 16.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,667 shares of the aerospace company's stock after acquiring an additional 1,965 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Curtiss-Wright were worth $8,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CW. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Curtiss-Wright in the 3rd quarter worth about $2,781,000. CIBC Bancorp USA Inc. bought a new position in Curtiss-Wright in the third quarter worth about $37,812,000. Inscription Capital LLC boosted its stake in Curtiss-Wright by 248.3% in the third quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company's stock valued at $1,386,000 after acquiring an additional 1,820 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Curtiss-Wright by 7.2% during the third quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company's stock valued at $65,443,000 after purchasing an additional 8,095 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Curtiss-Wright by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company's stock worth $100,567,000 after purchasing an additional 7,022 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In other news, VP Robert F. Freda sold 140 shares of the business's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $678.61, for a total value of $95,005.40. Following the sale, the vice president owned 5,343 shares of the company's stock, valued at approximately $3,625,813.23. The trade was a 2.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP George P. Mcdonald sold 151 shares of the company's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $678.07, for a total value of $102,388.57. Following the completion of the sale, the vice president owned 4,210 shares of the company's stock, valued at approximately $2,854,674.70. This trade represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 23,112 shares of company stock valued at $14,768,527 over the last three months. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Trading Down 0.4%

NYSE:CW opened at $663.40 on Friday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $730.12. The business has a fifty day moving average of $677.18 and a 200-day moving average of $598.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The stock has a market cap of $24.46 billion, a price-to-earnings ratio of 51.55, a PEG ratio of 3.24 and a beta of 0.91.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. During the same quarter in the prior year, the firm posted $3.27 EPS. Curtiss-Wright's revenue was up 14.9% compared to the same quarter last year. Equities analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced 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 yield of 0.1%. Curtiss-Wright's payout ratio is presently 7.46%.

Analysts Set New Price Targets

CW has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Morgan Stanley reissued an "overweight" rating and set a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a "hold" rating in a research report on Friday, February 13th. Citigroup lifted their price objective on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a "neutral" rating in a research report on Friday, February 13th. Finally, Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $663.17.

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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