1,468 Shares in Curtiss-Wright Corporation $CW Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,468 shares of the aerospace company’s stock, valued at approximately $797,000.

A number of other large investors also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new position in shares of Curtiss-Wright during the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Curtiss-Wright during the 2nd quarter worth about $27,000. Penserra Capital Management LLC acquired a new position in Curtiss-Wright during the 2nd quarter worth about $29,000. First Horizon Corp purchased a new position in Curtiss-Wright during the 3rd quarter valued at about $34,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Curtiss-Wright by 53.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 35 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 625 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $624.32, for a total value of $390,200.00. Following the sale, the vice president owned 2,571 shares in the company, valued at $1,605,126.72. This represents a 19.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John C. Watts sold 652 shares of Curtiss-Wright stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $625.57, for a total value of $407,871.64. Following the transaction, the executive vice president directly owned 3,890 shares of the company’s stock, valued at approximately $2,433,467.30. This represents a 14.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 17,269 shares of company stock valued at $10,797,098 in the last ninety days. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CW. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Truist Financial set a $603.00 target price on Curtiss-Wright in a report on Friday, January 9th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Citigroup upped their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $663.17.

Curtiss-Wright Stock Up 0.7%

Curtiss-Wright stock opened at $707.72 on Monday. The stock has a 50 day moving average of $621.89 and a two-hundred day moving average of $563.82. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $714.95. The stock has a market capitalization of $26.09 billion, a price-to-earnings ratio of 54.99, a PEG ratio of 3.45 and a beta of 0.92. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the prior year, the business earned $3.27 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is 7.46%.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.