Kestra Investment Management LLC Grows Holdings in Curtiss-Wright Co. (NYSE:CW)

Kestra Investment Management LLC increased its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 140.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,971 shares of the aerospace company's stock after purchasing an additional 2,901 shares during the period. Kestra Investment Management LLC's holdings in Curtiss-Wright were worth $1,764,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Signaturefd LLC raised its position in Curtiss-Wright by 7.8% in the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company's stock worth $132,000 after buying an additional 29 shares during the last quarter. Tidal Investments LLC raised its position in Curtiss-Wright by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock worth $381,000 after buying an additional 29 shares during the last quarter. CIBC Asset Management Inc raised its position in Curtiss-Wright by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company's stock worth $363,000 after buying an additional 37 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in Curtiss-Wright by 3.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company's stock worth $382,000 after buying an additional 37 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in shares of Curtiss-Wright by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company's stock valued at $275,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Insider Activity

In related 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Kevin Rayment sold 2,664 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total value of $924,194.88. Following the sale, the chief operating officer now owns 24,236 shares in the company, valued at $8,407,953.12. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 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.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CW. Citigroup began coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target for the company. Truist Financial upped their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target for the company. Stifel Nicolaus lowered shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a research report on Monday, November 18th. Finally, Morgan Stanley upped their price target 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $386.86.

Curtiss-Wright Price Performance

Shares of NYSE CW traded down $14.25 during midday trading on Friday, reaching $316.15. 415,895 shares of the stock traded hands, compared to its average volume of 313,894. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The stock has a market capitalization of $11.91 billion, a PE ratio of 29.97, a P/E/G ratio of 2.29 and a beta of 1.19. Curtiss-Wright Co. has a one year low of $234.37 and a one year high of $393.40. The company's 50 day moving average is $352.38 and its 200 day moving average is $342.82.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. Curtiss-Wright's dividend payout ratio is currently 7.96%.

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.