Strs Ohio Raises Holdings in Curtiss-Wright Co. (NYSE:CW)

Strs Ohio boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,859 shares of the aerospace company’s stock after acquiring an additional 266 shares during the period. Strs Ohio’s holdings in Curtiss-Wright were worth $2,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CW. Venturi Wealth Management LLC raised 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 worth $33,000 after acquiring an additional 52 shares in the last quarter. Signaturefd LLC grew its stake in Curtiss-Wright by 18.4% in the third quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock valued at $72,000 after purchasing an additional 57 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Curtiss-Wright by 0.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after purchasing an additional 59 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of Curtiss-Wright by 67.0% during the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after buying an additional 61 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Curtiss-Wright by 8.3% in the 3rd quarter. Fifth Third Bancorp now owns 825 shares of the aerospace company’s stock valued at $161,000 after buying an additional 63 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.7 %

NYSE:CW opened at $250.24 on Friday. The company has a market capitalization of $9.58 billion, a P/E ratio of 27.20 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 1.50 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 has a fifty day simple moving average of $244.66 and a 200-day simple moving average of $224.57.

Curtiss-Wright (NYSE:CW) last issued its earnings results 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. The company had revenue of $785.79 million during the quarter, compared to analyst estimates of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $2.92 EPS. On average, equities research analysts anticipate that Curtiss-Wright Co. will post 10.16 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given 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 yield of 0.32%. Curtiss-Wright’s dividend payout ratio is currently 8.70%.

Analyst Ratings Changes

CW has been the subject of several recent analyst reports. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Friday. Robert W. Baird increased their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Truist Financial reaffirmed a “hold” rating and set a $240.00 target price (down from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. One investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $260.25.

Insider Buying and Selling

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright 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 sale, the vice president now directly 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 is accessible through this hyperlink. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction dated Wednesday, March 13th. The stock was 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 owns 17,383 shares in the company, valued at approximately $4,171,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lynn M. Bamford sold 2,620 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the sale, the chief executive officer now owns 35,773 shares in the company, valued at approximately $8,714,302.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,451 shares of company stock worth $3,030,512. 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.