Gladstone Institutional Advisory LLC Purchases New Position in Curtiss-Wright Co. (NYSE:CW)

Gladstone Institutional Advisory LLC purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,103 shares of the aerospace company's stock, valued at approximately $391,000.

A number of other large investors have also added to or reduced their stakes in CW. Sanctuary Advisors LLC bought a new stake in shares of Curtiss-Wright in the second quarter valued at $238,000. CWM LLC raised its stake in Curtiss-Wright by 84.7% in the 3rd quarter. CWM LLC now owns 1,228 shares of the aerospace company's stock valued at $404,000 after acquiring an additional 563 shares during the period. Creative Planning lifted its holdings in Curtiss-Wright by 8.2% during the third quarter. Creative Planning now owns 3,005 shares of the aerospace company's stock valued at $988,000 after purchasing an additional 227 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in Curtiss-Wright during the third quarter worth about $242,000. Finally, Blue Trust Inc. raised its position in shares of Curtiss-Wright by 835.1% in the third quarter. Blue Trust Inc. now owns 346 shares of the aerospace company's stock valued at $114,000 after purchasing an additional 309 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CW shares. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective for the company. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 price target on the stock. Finally, Morgan Stanley raised their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average target price of $386.86.

Curtiss-Wright Price Performance

CW traded up $10.21 on Wednesday, reaching $335.77. The company had a trading volume of 366,180 shares, compared to its average volume of 304,759. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a 52-week low of $232.82 and a 52-week high of $393.40. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 2.21 and a beta of 1.19. The business has a 50 day simple moving average of $354.83 and a 200 day simple moving average of $342.60.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. As a group, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.33 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio is currently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John C. Watts sold 622 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. Company insiders own 0.67% of the company's stock.

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.