Farther Finance Advisors LLC Has $591,000 Holdings in Curtiss-Wright Co. (NYSE:CW)

Farther Finance Advisors LLC grew its holdings in Curtiss-Wright Co. (NYSE:CW) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,832 shares of the aerospace company’s stock after buying an additional 93 shares during the period. Farther Finance Advisors LLC’s holdings in Curtiss-Wright were worth $591,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after acquiring an additional 15,890 shares during the period. Invesco Ltd. grew its holdings in Curtiss-Wright by 6.4% in the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock valued at $503,009,000 after buying an additional 84,635 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock worth $271,977,000 after buying an additional 107,115 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Curtiss-Wright by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock valued at $264,071,000 after acquiring an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock valued at $210,199,000 after acquiring an additional 6,971 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CW. Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Stifel Nicolaus dropped their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 24th. Citigroup lifted their price objective on Curtiss-Wright from $444.00 to $520.00 and gave the company a “buy” rating in a report on Monday, June 9th. Finally, Truist Financial cut their target price on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $418.00.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. This trade represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This trade represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,992 shares of company stock valued at $4,634,519 in the last quarter. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Down 0.2%

Shares of CW opened at $473.43 on Friday. The firm has a 50 day simple moving average of $385.35 and a two-hundred day simple moving average of $357.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a one year low of $258.85 and a one year high of $478.99. The company has a market cap of $17.83 billion, a P/E ratio of 44.88, a P/E/G ratio of 2.48 and a beta of 1.14.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. The company had revenue of $805.65 million during the quarter, compared to analysts’ expectations of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Curtiss-Wright’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.99 EPS. Research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.20%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. Curtiss-Wright’s dividend payout ratio is currently 8.54%.

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.