Curtiss-Wright Co. (NYSE:CW) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,398 shares of the aerospace company’s stock after purchasing an additional 175 shares during the quarter. Benjamin Edwards Inc.’s holdings in Curtiss-Wright were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in Curtiss-Wright in the 4th quarter worth about $25,000. First Horizon Advisors Inc. grew its holdings in Curtiss-Wright by 1,100.0% in the third quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 132 shares during the period. Venturi Wealth Management LLC increased its position in Curtiss-Wright by 53.6% during the fourth 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 last quarter. Montag A & Associates Inc. raised its stake in Curtiss-Wright by 67.0% during the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 61 shares during the period. Finally, Orion Capital Management LLC acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling

In other news, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total transaction of $225,283.75. Following the completion of the sale, the chief financial officer now directly owns 10,052 shares in the company, valued at approximately $2,448,164.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO K Christopher Farkas sold 925 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the completion of the sale, the chief financial officer now directly owns 10,052 shares in the company, valued at $2,448,164.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Kevin Rayment sold 1,070 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.50, for a total transaction of $260,545.00. Following the transaction, the chief operating officer now directly owns 28,329 shares of the company’s stock, valued at approximately $6,898,111.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,451 shares of company stock worth $3,030,512. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Trading Up 2.0 %

Shares of NYSE:CW traded up $5.24 during midday trading on Friday, reaching $268.17. The company had a trading volume of 303,319 shares, compared to its average volume of 201,701. The company has a fifty day simple moving average of $248.98 and a two-hundred day simple moving average of $228.49. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 27.64 and a beta of 1.18. Curtiss-Wright Co. has a 1-year low of $157.72 and a 1-year high of $269.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.50 and a current ratio of 2.02.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results 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 16.79% and a net margin of 12.78%. The firm had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same period in the previous year, the firm earned $1.53 earnings per share. Curtiss-Wright’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts predict that Curtiss-Wright Co. will post 10.17 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

CW has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 27th. Stifel Nicolaus boosted their price objective on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Truist Financial increased their price target on Curtiss-Wright from $240.00 to $252.00 and gave the company a “hold” rating in a report on Friday. Finally, Morgan Stanley boosted their price objective on Curtiss-Wright from $260.00 to $284.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $277.00.

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.