Sanctuary Advisors LLC Has $2.98 Million Stock Holdings in Curtiss-Wright Corporation $CW

Key Points

• Sanctuary Advisors LLC increased its stake in Curtiss‑Wright by 63.9% in Q4 and now owns 5,403 shares valued at approximately $2.98 million.
• Curtiss‑Wright beat Q4 expectations with EPS of $3.79 (vs. $3.66 est.) and revenue of about $947 million, up 14.9% year‑over‑year; analysts forecast roughly 15.06 EPS for the year.
• Company insiders sold a total of 22,717 shares worth about $14.53 million last quarter, while institutional investors hold roughly 82.7% of the stock.

Sanctuary Advisors LLC boosted its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 63.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,403 shares of the aerospace company's stock after purchasing an additional 2,107 shares during the quarter. Sanctuary Advisors LLC's holdings in Curtiss-Wright were worth $2,979,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CW. BI Asset Management Fondsmaeglerselskab A S bought a new position in Curtiss-Wright in the third quarter valued at $2,781,000. SG Americas Securities LLC increased its stake in Curtiss-Wright by 738.8% in the fourth quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company's stock valued at $14,335,000 after acquiring an additional 22,903 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Curtiss-Wright in the third quarter valued at $37,812,000. Inscription Capital LLC increased 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 last quarter. Finally, Fisher Asset Management LLC increased its stake in Curtiss-Wright by 7.2% in the third quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company's stock valued at $65,443,000 after acquiring an additional 8,095 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Down 1.0%

Shares of NYSE:CW opened at $712.66 on Friday. The stock's 50-day moving average price is $701.67 and its 200-day moving average price is $629.92. Curtiss-Wright Corporation has a 12-month low of $352.03 and a 12-month high of $748.14. The stock has a market capitalization of $26.30 billion, a P/E ratio of 55.37, a price-to-earnings-growth ratio of 3.42 and a beta of 0.91. 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 announced its quarterly earnings data 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 return on equity of 19.28% and a net margin of 13.84%.The firm had revenue of $946.98 million for the quarter, compared to analysts' expectations of $890.14 million. During the same period last year, the firm earned $3.27 earnings per share. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts anticipate that Curtiss-Wright Corporation will post 15.06 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 26th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, March 26th. Curtiss-Wright's dividend payout ratio is currently 7.46%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CW shares. Wall Street Zen raised Curtiss-Wright from a "hold" rating to a "buy" rating in a research note on Saturday, January 10th. Stifel Nicolaus increased their target price on Curtiss-Wright from $650.00 to $723.00 and gave the company a "hold" rating in a research note on Tuesday, April 14th. Citigroup increased their target price on Curtiss-Wright from $718.00 to $728.00 and gave the company a "neutral" rating in a research note on Thursday, April 2nd. Truist Financial set a $603.00 target price on Curtiss-Wright in a research note on Friday, January 9th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $677.00.

Insider Activity at Curtiss-Wright

In other news, COO Kevin Rayment sold 907 shares of the stock in a transaction dated Tuesday, March 17th. The shares were 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 in the company, valued at approximately $21,332,728.34. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP George P. Mcdonald sold 151 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $678.07, for a total transaction of $102,388.57. Following the sale, the vice president 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. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,717 shares of company stock valued at $14,533,791 in the last quarter. 0.51% of the stock is currently owned by company insiders.

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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