Sequoia Financial Advisors LLC Has $588,000 Stake in Curtiss-Wright Co. (NYSE:CW)

Sequoia Financial Advisors LLC increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 29.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,640 shares of the aerospace company’s stock after acquiring an additional 595 shares during the period. Sequoia Financial Advisors LLC’s holdings in Curtiss-Wright were worth $588,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CW. Contravisory Investment Management Inc. acquired a new position in Curtiss-Wright during the fourth quarter worth $25,000. First Horizon Advisors Inc. boosted its holdings in Curtiss-Wright by 1,100.0% during the third quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 132 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Curtiss-Wright during the second quarter worth $28,000. Montag A & Associates Inc. raised its position in Curtiss-Wright by 67.0% during the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 61 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in Curtiss-Wright during the third quarter worth $32,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CW shares. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $244.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Truist Financial reissued a “hold” rating and issued a $240.00 price objective (down from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Finally, StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $256.00.

Insider Activity

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’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 value of $600,000.00. Following the sale, the vice president now directly owns 17,383 shares in the company, valued at approximately $4,171,920. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’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 value of $600,000.00. Following the completion of the transaction, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO K Christopher Farkas sold 2,736 shares of the firm’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 completion of the transaction, the chief financial officer now owns 9,172 shares of the company’s stock, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,451 shares of company stock worth $3,030,512. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Up 1.2 %

Shares of Curtiss-Wright stock opened at $249.94 on Wednesday. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 27.17 and a beta of 1.18. 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 Co. has a 12-month low of $157.72 and a 12-month high of $261.46. The firm’s 50-day moving average price is $243.33 and its two-hundred day moving average price is $223.82.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The firm had revenue of $785.79 million for the quarter, compared to the consensus estimate of $737.09 million. During the same period in the prior year, the company posted $2.92 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts forecast that Curtiss-Wright Co. will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared 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 of this dividend was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.32%. Curtiss-Wright’s payout ratio is currently 8.70%.

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.