International Assets Investment Management LLC Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

International Assets Investment Management LLC acquired a new position in Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 142,808 shares of the aerospace company’s stock, valued at approximately $31,816,000.

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

Curtiss-Wright Trading Up 2.1 %

Shares of CW opened at $268.35 on Friday. Curtiss-Wright Co. has a 1-year low of $157.72 and a 1-year high of $269.00. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.64 and a beta of 1.18. The firm’s 50-day moving average price is $248.39 and its 200-day moving average price is $228.06. 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 posted its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a return on equity of 17.10% and a net margin of 12.78%. The business had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $664.01 million. During the same period in the previous year, the firm posted $1.53 EPS. The business’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts anticipate that Curtiss-Wright Co. will post 10.16 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.30%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.24%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CW shares. Morgan Stanley increased their price objective on Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a research note on Friday. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 27th. Robert W. Baird raised their target price on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Truist Financial increased their price objective on Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $277.00.

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 2,620 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the transaction, the chief executive officer now directly owns 35,773 shares in the company, valued at approximately $8,714,302.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Lynn M. Bamford sold 2,620 shares of the business’s stock in a transaction that occurred on 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 directly owns 35,773 shares of the company’s stock, valued at approximately $8,714,302.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,451 shares of company stock valued at $3,030,512. 0.67% of the stock is currently owned by company insiders.

Curtiss-Wright Company 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.