Aptus Capital Advisors LLC Buys 1,696 Shares of Curtiss-Wright Corporation $CW

Aptus Capital Advisors LLC raised its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,279 shares of the aerospace company’s stock after acquiring an additional 1,696 shares during the period. Aptus Capital Advisors LLC owned approximately 0.10% of Curtiss-Wright worth $19,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CW. TD Asset Management Inc boosted its stake in shares of Curtiss-Wright by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock worth $429,754,000 after purchasing an additional 2,153 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Curtiss-Wright by 31.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock worth $395,665,000 after purchasing an additional 174,592 shares during the last quarter. Norges Bank bought a new stake in Curtiss-Wright in the second quarter worth about $241,537,000. American Century Companies Inc. boosted its position in shares of Curtiss-Wright by 15.9% during the third quarter. American Century Companies Inc. now owns 394,204 shares of the aerospace company’s stock valued at $214,029,000 after buying an additional 54,197 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Curtiss-Wright by 45.8% during the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after buying an additional 122,048 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW opened at $679.35 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The company has a 50 day moving average price of $648.68 and a 200-day moving average price of $576.25. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $730.12. The stock has a market capitalization of $25.05 billion, a PE ratio of 52.79, a PEG ratio of 3.47 and a beta of 0.91.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $0.13. The company had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. Curtiss-Wright’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $3.27 earnings per share. Equities analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Insider Activity at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,665 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total value of $1,669,169.45. Following the sale, the chief financial officer directly owned 7,358 shares in the company, valued at approximately $4,608,536.14. This trade represents a 26.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gary A. Ogilby sold 625 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $624.32, for a total transaction of $390,200.00. Following the completion of the transaction, the vice president directly owned 2,571 shares in the company, valued at approximately $1,605,126.72. The trade was a 19.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 17,269 shares of company stock valued at $10,797,098 over the last 90 days. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CW shares. Truist Financial set a $603.00 price target on Curtiss-Wright in a research note on Friday, January 9th. Stifel Nicolaus increased their target price on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

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.