Olde Wealth Management LLC Takes Position in Curtiss-Wright Corporation $CW

Olde Wealth Management LLC acquired a new position in Curtiss-Wright Corporation (NYSE:CW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,316 shares of the aerospace company’s stock, valued at approximately $774,000.

Several other large investors have also recently modified their holdings of CW. Atlantic Union Bankshares Corp purchased a new stake in Curtiss-Wright during the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Curtiss-Wright in the second quarter worth $27,000. Penserra Capital Management LLC purchased a new position in Curtiss-Wright in the second quarter worth $29,000. First Horizon Corp acquired a new position in shares of Curtiss-Wright during the third quarter worth $34,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Curtiss-Wright by 8,800.0% during the third quarter. Cornerstone Planning Group LLC now owns 89 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

NYSE CW opened at $654.64 on Friday. 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 stock’s fifty day moving average price is $663.82 and its 200 day moving average price is $584.74. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $730.12. The company has a market cap of $24.14 billion, a price-to-earnings ratio of 50.87, a PEG ratio of 3.31 and a beta of 0.91.

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

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.46%.

Insider Activity

In related news, COO Kevin Rayment sold 2,634 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the sale, the chief operating officer owned 29,896 shares in the company, valued at $18,724,761.68. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 9,327 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the transaction, the chief executive officer owned 46,192 shares in the company, valued at approximately $28,936,978.40. This trade represents a 16.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 17,269 shares of company stock valued at $10,797,098. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Stifel Nicolaus upped their target price on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Morgan Stanley reissued an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Citigroup boosted their price target on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft restated 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $663.17.

Curtiss-Wright Company 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.