Mackenzie Financial Corp Purchases 99 Shares of Curtiss-Wright Co. (NYSE:CW)

Mackenzie Financial Corp grew its position in shares of Curtiss-Wright Co. (NYSE:CW) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,805 shares of the aerospace company’s stock after acquiring an additional 99 shares during the period. Mackenzie Financial Corp’s holdings in Curtiss-Wright were worth $625,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Strs Ohio increased its position in shares of Curtiss-Wright by 2.5% during the 4th quarter. Strs Ohio now owns 10,859 shares of the aerospace company’s stock valued at $2,419,000 after purchasing an additional 266 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Curtiss-Wright during the 4th quarter valued at about $2,384,000. Hardman Johnston Global Advisors LLC boosted its holdings in Curtiss-Wright by 25.2% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 109,080 shares of the aerospace company’s stock valued at $24,302,000 after acquiring an additional 21,970 shares during the period. Cerity Partners LLC boosted its holdings in Curtiss-Wright by 61.1% during the 4th quarter. Cerity Partners LLC now owns 2,957 shares of the aerospace company’s stock valued at $659,000 after acquiring an additional 1,121 shares during the period. Finally, Seelaus Asset Management LLC boosted its holdings in Curtiss-Wright by 41.7% during the 4th quarter. Seelaus Asset Management LLC now owns 1,852 shares of the aerospace company’s stock valued at $413,000 after acquiring an additional 545 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Robert W. Baird increased their target price on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Friday, April 19th. Stifel Nicolaus increased their price objective on Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Truist Financial reiterated a “hold” rating and issued a $240.00 price objective (down previously from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $260.25.

Insider Activity

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’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 transaction of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’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 transaction of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO K Christopher Farkas sold 925 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the transaction, the chief financial officer now directly owns 10,052 shares of the company’s stock, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock worth $3,030,512 in the last quarter. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Trading Up 0.3 %

NYSE CW opened at $253.49 on Friday. Curtiss-Wright Co. has a fifty-two week low of $157.72 and a fifty-two week high of $261.46. 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 stock has a 50 day simple moving average of $246.30 and a two-hundred day simple moving average of $226.22. The stock has a market cap of $9.70 billion, a P/E ratio of 27.55 and a beta of 1.18.

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

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend 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.