Great Lakes Advisors LLC Acquires New Position in Curtiss-Wright Co. (NYSE:CW)

Great Lakes Advisors LLC acquired a new position in Curtiss-Wright Co. (NYSE:CW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,465 shares of the aerospace company's stock, valued at approximately $520,000.

A number of other large investors have also modified their holdings of CW. Farther Finance Advisors LLC raised its position in shares of Curtiss-Wright by 129.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,739 shares of the aerospace company's stock worth $617,000 after purchasing an additional 982 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Curtiss-Wright by 4.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,495 shares of the aerospace company's stock valued at $3,015,000 after acquiring an additional 329 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at about $15,769,000. Independent Advisor Alliance raised its holdings in Curtiss-Wright by 13.6% in the 4th quarter. Independent Advisor Alliance now owns 934 shares of the aerospace company's stock valued at $331,000 after acquiring an additional 112 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Curtiss-Wright by 1,694.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock valued at $4,210,000 after buying an additional 11,202 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CW shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 price objective for the company. Truist Financial increased their price objective 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. Finally, Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $386.86.

Remove Ads

Curtiss-Wright Stock Down 1.2 %

Curtiss-Wright stock traded down $3.94 during mid-day trading on Thursday, reaching $327.14. 163,953 shares of the company's stock were exchanged, compared to its average volume of 315,605. The company has a market cap of $12.32 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a twelve month low of $245.69 and a twelve month high of $393.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $338.23 and a 200-day moving average of $345.29.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating 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%. Sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared 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 0.26%. Curtiss-Wright's dividend payout ratio is currently 7.96%.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,131 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the transaction, the chief executive officer now directly owns 42,887 shares of the company's stock, valued at approximately $13,955,858.67. This trade represents a 6.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. The trade was a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. 0.67% of the stock is owned by company insiders.

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.