Curtiss-Wright Co. (NYSE:CW) Stake Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its stake in Curtiss-Wright Co. (NYSE:CW) by 71.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,994 shares of the aerospace company’s stock after buying an additional 2,924 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Curtiss-Wright were worth $1,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. American Century Companies Inc. increased its stake in Curtiss-Wright by 16.9% during the first quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock valued at $614,000 after purchasing an additional 593 shares during the last quarter. US Bancorp DE increased its stake in Curtiss-Wright by 15.4% during the first quarter. US Bancorp DE now owns 5,655 shares of the aerospace company’s stock valued at $849,000 after purchasing an additional 756 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Curtiss-Wright by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock valued at $1,141,000 after purchasing an additional 121 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Curtiss-Wright during the first quarter valued at $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Curtiss-Wright by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock valued at $2,159,000 after purchasing an additional 1,371 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In related news, CFO K Christopher Farkas sold 2,736 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the sale, the chief financial officer now owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the sale, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at approximately $2,202,747.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 2,620 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total transaction of $638,232.00. Following the completion of the sale, the chief executive officer now directly owns 35,773 shares of the company’s stock, valued at $8,714,302.80. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock valued at $3,030,512 over the last 90 days. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Performance

Shares of CW opened at $252.44 on Friday. Curtiss-Wright Co. has a 1 year low of $157.72 and a 1 year high of $261.46. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 27.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. The firm has a fifty day moving average of $241.98 and a 200-day moving average of $222.37.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.24. The business had revenue of $785.79 million during 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 company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.92 earnings per share. As a group, equities analysts anticipate that Curtiss-Wright Co. will post 10.16 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, March 27th. Curtiss-Wright’s payout ratio is currently 8.70%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CW shares. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $244.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Truist Financial reissued a “hold” rating and set a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. Robert W. Baird boosted 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. Finally, StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $256.00.

Curtiss-Wright 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.