LPL Financial LLC Increases Stake in Curtiss-Wright Co. (NYSE:CW)

LPL Financial LLC increased its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 65.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,069 shares of the aerospace company's stock after purchasing an additional 9,939 shares during the period. LPL Financial LLC owned approximately 0.07% of Curtiss-Wright worth $8,896,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. purchased a new stake in Curtiss-Wright in the 4th quarter valued at about $239,000. Truist Financial Corp lifted its holdings in shares of Curtiss-Wright by 6.2% in the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after buying an additional 825 shares during the period. Athena Investment Management purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth $302,000. Daiwa Securities Group Inc. grew its position in shares of Curtiss-Wright by 1,694.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock worth $4,210,000 after buying an additional 11,202 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in shares of Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company's stock valued at $3,217,000 after buying an additional 1,754 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CW has been the topic of several recent research reports. Citigroup began coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price on the stock. Truist Financial increased their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $386.86.

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Insider Activity at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the transaction, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,797 shares of company stock valued at $7,436,255 in the last three months. 0.67% of the stock is owned by insiders.

Curtiss-Wright Stock Up 10.3 %

Shares of NYSE CW traded up $30.23 during trading hours on Wednesday, hitting $322.97. 425,019 shares of the stock were exchanged, compared to its average volume of 263,932. Curtiss-Wright Co. has a 12 month low of $246.43 and a 12 month high of $393.40. The firm has a fifty day moving average price of $323.37 and a 200-day moving average price of $345.86. 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 market cap of $12.16 billion, a PE ratio of 30.61, a PEG ratio of 2.48 and a beta of 1.03.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly 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 return on equity of 17.11% and a net margin of 12.98%. On average, 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 disclosed 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. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.96%.

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.