Focus Partners Wealth Purchases New Holdings in Curtiss-Wright Co. (NYSE:CW)

Focus Partners Wealth acquired a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 672 shares of the aerospace company's stock, valued at approximately $241,000.

Other hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its position in Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock valued at $1,178,000 after purchasing an additional 29 shares during the period. Harbour Investments Inc. lifted its position in Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock valued at $111,000 after buying an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC boosted its stake in Curtiss-Wright by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock worth $326,000 after buying an additional 32 shares during the period. Baird Financial Group Inc. increased its position in shares of Curtiss-Wright by 1.6% during the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock valued at $753,000 after acquiring an additional 34 shares during the last quarter. Finally, GeoWealth Management LLC raised its stake in shares of Curtiss-Wright by 15.6% in the 4th quarter. GeoWealth Management LLC now owns 318 shares of the aerospace company's stock valued at $113,000 after acquiring an additional 43 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Curtiss-Wright Stock Up 0.6%

Shares of CW traded up $2.56 during midday trading on Wednesday, hitting $449.14. The company had a trading volume of 86,200 shares, compared to its average volume of 272,650. Curtiss-Wright Co. has a 1 year low of $258.85 and a 1 year high of $451.79. The firm has a market capitalization of $16.91 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company's 50-day simple moving average is $349.37 and its 200-day simple moving average is $349.98.

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

Curtiss-Wright Increases Dividend

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

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the transaction, the chief financial officer now owns 9,253 shares in the company, valued at $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,642 shares of company stock valued at $3,581,107 in the last ninety days. Insiders own 0.55% of the company's stock.

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.