Empowered Funds LLC Purchases New Stake in Curtiss-Wright Co. (NYSE:CW)

Empowered Funds LLC purchased a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,540 shares of the aerospace company's stock, valued at approximately $6,224,000.

Several other large investors have also made changes to their positions in CW. YANKCOM Partnership bought a new stake in Curtiss-Wright during the fourth quarter worth approximately $31,000. Tsfg LLC boosted its position in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock worth $34,000 after purchasing an additional 67 shares during the period. UMB Bank n.a. boosted its position in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock worth $35,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright during the third quarter worth approximately $53,000. Finally, Brooklyn Investment Group bought a new stake in Curtiss-Wright during the third quarter worth approximately $59,000. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of NYSE CW traded down $14.50 during trading hours on Friday, reaching $323.45. The stock had a trading volume of 553,652 shares, compared to its average volume of 299,272. The business's fifty day moving average is $356.53 and its two-hundred day moving average is $341.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.50 and a beta of 1.19. Curtiss-Wright Co. has a twelve month low of $230.00 and a twelve month high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. As a group, research analysts expect that Curtiss-Wright Co. will post 10.72 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright's dividend payout ratio is currently 7.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup assumed coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price for the company. Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Morgan Stanley increased their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective for the company. Finally, Truist Financial increased their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $386.86.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the sale, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John C. Watts sold 622 shares of the stock in a transaction 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 sale, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Corporate insiders own 0.67% of the company's stock.

Curtiss-Wright 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.