Commonwealth Equity Services LLC Buys 5,976 Shares of Curtiss-Wright Co. (NYSE:CW)

Commonwealth Equity Services LLC grew its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 37.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,851 shares of the aerospace company's stock after buying an additional 5,976 shares during the quarter. Commonwealth Equity Services LLC owned 0.06% of Curtiss-Wright worth $7,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in Curtiss-Wright in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Curtiss-Wright in the third quarter worth $53,000. Brooklyn Investment Group purchased a new stake in Curtiss-Wright during the third quarter valued at $59,000. UMB Bank n.a. lifted its holdings in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after acquiring an additional 64 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of Curtiss-Wright in the third quarter worth approximately $69,000. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock traded up $11.25 during trading hours on Monday, hitting $336.56. The company's stock had a trading volume of 172,318 shares, compared to its average volume of 250,223. The company has a market cap of $12.67 billion, a PE ratio of 31.90, a PEG ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The business has a 50 day moving average price of $337.26 and a two-hundred day moving average price of $345.83. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40.

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Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping analysts' consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

CW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective for the company. Truist Financial upped their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Finally, Citigroup initiated coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average price target of $386.86.

Curtiss-Wright Company Profile

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.