Wolverine Asset Management LLC Acquires New Stake in Curtiss-Wright Co. (NYSE:CW)

Wolverine Asset Management LLC purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,500 shares of the aerospace company's stock, valued at approximately $1,894,000.

Other large investors also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in Curtiss-Wright in the 4th quarter worth approximately $25,000. First Horizon Advisors Inc. boosted its holdings in Curtiss-Wright by 1,100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company's stock worth $28,000 after buying an additional 132 shares during the period. Montag A & Associates Inc. boosted its holdings in Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company's stock worth $30,000 after buying an additional 61 shares during the period. FSC Wealth Advisors LLC bought a new position in Curtiss-Wright in the 3rd quarter worth approximately $32,000. Finally, Venturi Wealth Management LLC boosted its holdings in Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company's stock valued at $33,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Insider Transactions at Curtiss-Wright

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares of the company's stock, valued at $4,171,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Paul J. Ferdenzi sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares of the company's stock, valued at $4,171,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the transaction, the chief financial officer now directly owns 9,172 shares of the company's stock, valued at $2,202,747.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,451 shares of company stock worth $3,030,512. Corporate insiders own 0.67% of the company's stock.

Curtiss-Wright Stock Up 0.3 %

Shares of NYSE CW traded up $0.85 during midday trading on Thursday, hitting $253.49. The stock had a trading volume of 141,361 shares, compared to its average volume of 184,832. The business's 50 day moving average is $246.30 and its 200-day moving average is $226.22. The company has a market cap of $9.70 billion, a P/E ratio of 27.55 and a beta of 1.18. Curtiss-Wright Co. has a 52 week low of $157.72 and a 52 week high of $261.46. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.24. The firm had revenue of $785.79 million for the quarter, compared to the consensus estimate of $737.09 million. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The business's revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.92 earnings per share. As a group, analysts predict that Curtiss-Wright Co. will post 10.16 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.32%. Curtiss-Wright's dividend payout ratio is presently 8.70%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CW shares. Truist Financial reaffirmed a "hold" rating and set a $240.00 price objective (down from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. StockNews.com upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 19th. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a "buy" rating in a research report on Wednesday, April 17th. Finally, Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an "outperform" rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $260.25.

Curtiss-Wright Company 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.