Legacy Capital Group California Inc. Invests $1.09 Million in Curtiss-Wright Co. (NYSE:CW)

Legacy Capital Group California Inc. purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,897 shares of the aerospace company's stock, valued at approximately $1,091,000.

A number of other large investors have also made changes to their positions in the business. Venturi Wealth Management LLC increased its position in shares of 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 acquiring an additional 52 shares during the period. Signaturefd LLC increased its position in shares of Curtiss-Wright by 18.4% in the 3rd quarter. Signaturefd LLC now owns 366 shares of the aerospace company's stock valued at $72,000 after acquiring an additional 57 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Curtiss-Wright by 0.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company's stock valued at $1,450,000 after acquiring an additional 59 shares during the period. Montag A & Associates Inc. increased its position in shares of Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 61 shares during the period. Finally, Alliance Wealth Advisors LLC UT increased its position in shares of Curtiss-Wright by 2.5% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,495 shares of the aerospace company's stock valued at $556,000 after acquiring an additional 61 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on CW. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. Truist Financial upped their price target on shares of Curtiss-Wright from $240.00 to $252.00 and gave the company a "hold" rating in a report on Friday, May 3rd. Robert W. Baird upped their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an "outperform" rating in a report on Monday, April 8th. StockNews.com raised shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 5th. Finally, Morgan Stanley upped their price target on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an "overweight" rating in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of "Buy" and a consensus target price of $277.00.

Curtiss-Wright Price Performance

Shares of CW stock traded down $0.42 during mid-day trading on Thursday, hitting $276.58. 138,884 shares of the stock were exchanged, compared to its average volume of 188,532. The firm has a fifty day moving average of $254.95 and a 200 day moving average of $232.85. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. Curtiss-Wright Co. has a 52-week low of $157.85 and a 52-week high of $279.90. The company has a market cap of $10.59 billion, a PE ratio of 28.54 and a beta of 1.18.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same period in the prior year, the company posted $1.53 EPS. The company's revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts anticipate that Curtiss-Wright Co. will post 10.31 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Monday, June 17th. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.20. Curtiss-Wright's dividend payout ratio is 8.24%.

Insider Buying and Selling

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the company's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares in the company, valued at approximately $3,985,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the sale, the vice president now owns 15,942 shares in the company, valued at approximately $3,985,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO K Christopher Farkas sold 925 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the completion of the sale, the chief financial officer now owns 10,052 shares of the company's stock, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock worth $3,030,512 in the last 90 days. Insiders own 0.55% of the company's stock.

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.

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