Fort Washington Investment Advisors Inc. OH Buys 4,159 Shares of Curtiss-Wright Corporation $CW

Fort Washington Investment Advisors Inc. OH grew its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,910 shares of the aerospace company’s stock after buying an additional 4,159 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.10% of Curtiss-Wright worth $19,796,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new stake in Curtiss-Wright during the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Curtiss-Wright in the 2nd quarter worth approximately $27,000. Larson Financial Group LLC boosted its holdings in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the period. First Horizon Corp bought a new position in Curtiss-Wright in the 3rd quarter valued at $34,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Curtiss-Wright during the 3rd quarter valued at $43,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Citigroup boosted their target price on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Stifel Nicolaus upped 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. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $663.17.

Insider Transactions at Curtiss-Wright

In related news, COO Kevin Rayment sold 2,634 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total transaction of $1,649,753.22. Following the transaction, the chief operating officer directly owned 29,896 shares of the company’s stock, valued at approximately $18,724,761.68. This trade represents a 8.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John C. Watts sold 652 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 3,890 shares of the company’s stock, valued at $2,433,467.30. The trade was a 14.35% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 23,112 shares of company stock worth $14,768,527. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $663.40 on Friday. The company’s fifty day moving average price is $677.18 and its 200-day moving average price is $598.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The firm has a market capitalization of $24.46 billion, a price-to-earnings ratio of 51.55, a PEG ratio of 3.24 and a beta of 0.91. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $730.12.

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

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders 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 annualized dividend and a yield of 0.1%. Curtiss-Wright’s payout ratio is 7.46%.

About Curtiss-Wright

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.