Kestra Investment Management LLC Has $1.76 Million Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Kestra Investment Management LLC lifted its stake in Curtiss-Wright Co. (NYSE:CW) by 140.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,971 shares of the aerospace company’s stock after purchasing an additional 2,901 shares during the quarter. Kestra Investment Management LLC’s holdings in Curtiss-Wright were worth $1,764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CW. Atomi Financial Group Inc. purchased a new stake in Curtiss-Wright in the 4th quarter worth approximately $239,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Curtiss-Wright during the third quarter worth $542,000. Fisher Asset Management LLC boosted its position in Curtiss-Wright by 8.4% during the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after purchasing an additional 5,437 shares during the last quarter. MML Investors Services LLC boosted its position in Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock valued at $3,217,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in Curtiss-Wright in the fourth quarter valued at about $210,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CW shares. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Citigroup began coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Morgan Stanley increased their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Truist Financial boosted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Trading Down 4.3 %

NYSE:CW opened at $323.45 on Tuesday. The business’s 50-day simple moving average is $355.67 and its 200-day simple moving average is $342.25. Curtiss-Wright Co. has a fifty-two week low of $230.00 and a fifty-two week high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The stock has a market capitalization of $12.28 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. Sell-side analysts expect that Curtiss-Wright Co. will post 10.72 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is presently 7.95%.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.67% of the stock is owned by company insiders.

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.