Proficio Capital Partners LLC Invests $15.64 Million in Curtiss-Wright Co. (NYSE:CW)

Proficio Capital Partners LLC bought a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 44,063 shares of the aerospace company's stock, valued at approximately $15,637,000. Proficio Capital Partners LLC owned approximately 0.12% of Curtiss-Wright at the end of the most recent quarter.

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

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 8,289 shares of the business's 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 sale, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 116 shares of company stock worth $35,278 and sold 15,935 shares worth $5,528,147. Insiders own 0.67% of the company's stock.

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Wall Street Analyst Weigh In

CW has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target for the company. Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 target price for the company. Finally, Stifel Nicolaus cut shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average target price of $386.86.

Curtiss-Wright Price Performance

CW traded down $5.08 during midday trading on Tuesday, reaching $323.81. 324,932 shares of the company's stock were exchanged, compared to its average volume of 250,042. 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 $12.19 billion, a PE ratio of 30.69, a P/E/G ratio of 2.48 and a beta of 1.15. The business's 50-day moving average price is $339.13 and its 200 day moving average price is $345.33. Curtiss-Wright Co. has a 1-year low of $241.44 and a 1-year high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 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%. As a group, equities analysts anticipate 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. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is presently 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.