Farther Finance Advisors LLC Buys 982 Shares of Curtiss-Wright Co. (NYSE:CW)

Farther Finance Advisors LLC raised its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 129.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,739 shares of the aerospace company's stock after purchasing an additional 982 shares during the quarter. Farther Finance Advisors LLC's holdings in Curtiss-Wright were worth $617,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in Curtiss-Wright during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the 3rd quarter valued at $53,000. Brooklyn Investment Group acquired a new stake in Curtiss-Wright during the 3rd quarter valued at $59,000. UMB Bank n.a. lifted its holdings in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in Curtiss-Wright during the 3rd quarter valued at $69,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CW shares. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a "buy" rating and a $452.00 price target for the company. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 target price for the company. Finally, Truist Financial raised their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $386.86.

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Curtiss-Wright Stock Performance

Shares of NYSE:CW traded up $7.09 on Wednesday, reaching $331.30. 224,545 shares of the company's stock were exchanged, compared to its average volume of 250,198. The company has a fifty day moving average of $338.64 and a 200-day moving average of $345.39. Curtiss-Wright Co. has a twelve month low of $241.44 and a twelve month high of $393.40. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results 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%. On average, research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the transaction, the chief executive officer now owns 38,905 shares of the company's stock, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares of the company's stock, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by insiders.

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.