Cerity Partners LLC Buys 1,121 Shares of Curtiss-Wright Co. (NYSE:CW)

Cerity Partners LLC lifted its stake in Curtiss-Wright Co. (NYSE:CW) by 61.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,957 shares of the aerospace company’s stock after buying an additional 1,121 shares during the period. Cerity Partners LLC’s holdings in Curtiss-Wright were worth $659,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in Curtiss-Wright in the 4th quarter valued at $25,000. First Horizon Advisors Inc. increased its stake in Curtiss-Wright by 1,100.0% in the third quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 132 shares during the period. Montag A & Associates Inc. raised its position in Curtiss-Wright by 67.0% in the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 61 shares in the last quarter. FSC Wealth Advisors LLC bought a new position in Curtiss-Wright during the third quarter worth about $32,000. Finally, Venturi Wealth Management LLC boosted its holdings in Curtiss-Wright by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the transaction, the vice president now directly owns 15,942 shares in the company, valued at approximately $3,985,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,620 shares of Curtiss-Wright 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 sale, the chief executive officer now owns 35,773 shares of the company’s stock, valued at approximately $8,714,302.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the business’s 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 $3,985,500. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,451 shares of company stock worth $3,030,512. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the subject of a number of recent research reports. Stifel Nicolaus increased their target price on Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Robert W. Baird lifted 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. Truist Financial restated a “hold” rating and issued a $240.00 price objective (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Finally, StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $260.25.

Curtiss-Wright Trading Up 0.9 %

NYSE:CW opened at $253.28 on Wednesday. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 27.53 and a beta of 1.18. Curtiss-Wright Co. has a 1-year low of $157.72 and a 1-year high of $261.46. The business’s 50-day moving average price is $245.60 and its two-hundred day moving average price is $225.84. 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 (NYSE:CW) last announced its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.24. The business had revenue of $785.79 million for 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%. Curtiss-Wright’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company posted $2.92 EPS. On average, equities analysts expect that Curtiss-Wright Co. will post 10.16 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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

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.