Focus Partners Wealth Buys Shares of 672 Curtiss-Wright Co. (NYSE:CW)

Focus Partners Wealth purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 672 shares of the aerospace company's stock, valued at approximately $241,000.

Several other hedge funds also recently modified their holdings of CW. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright during the fourth quarter worth $31,000. Ancora Advisors LLC bought a new position in shares of Curtiss-Wright in the 4th quarter valued at about $49,000. UMB Bank n.a. boosted its stake in shares of Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $70,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock worth $82,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Activity

In other news, CEO Lynn M. Bamford sold 3,131 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the transaction, the chief executive officer now directly owns 42,887 shares of the company's stock, valued at approximately $13,955,858.67. This trade represents a 6.80% 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 hyperlink. Also, VP George P. Mcdonald sold 148 shares of the firm'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 completion of the transaction, the vice president now owns 1,899 shares in the company, valued at $617,953.59. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,642 shares of company stock valued at $3,581,107 over the last ninety days. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Up 3.8%

Shares of NYSE:CW traded up $16.47 during mid-day trading on Tuesday, reaching $444.92. 209,402 shares of the stock were exchanged, compared to its average volume of 272,659. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a one year low of $258.85 and a one year high of $445.78. The company has a market cap of $16.76 billion, a P/E ratio of 42.17, a P/E/G ratio of 2.48 and a beta of 1.04. The stock's 50 day simple moving average is $346.97 and its 200-day simple moving average is $349.30.

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

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be issued a $0.24 dividend. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's payout ratio is currently 8.54%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CW. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday. Robert W. Baird lifted their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Stifel Nicolaus cut their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup reduced their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Truist Financial decreased their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $404.29.

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.