Radnor Capital Management LLC Invests $2.35 Million in Curtiss-Wright Co. (NYSE:CW)

Radnor Capital Management LLC bought a new position in Curtiss-Wright Co. (NYSE:CW - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,141 shares of the aerospace company's stock, valued at approximately $2,347,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CW. International Assets Investment Management LLC lifted its position in Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock valued at $133,102,000 after purchasing an additional 403,701 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company's stock worth $81,943,000 after acquiring an additional 301,394 shares during the period. Congress Asset Management Co. raised its position in Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock worth $150,893,000 after acquiring an additional 265,205 shares during the period. Assenagon Asset Management S.A. bought a new position in Curtiss-Wright in the second quarter worth approximately $41,383,000. Finally, Global Alpha Capital Management Ltd. raised its position in Curtiss-Wright by 41.7% in the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company's stock worth $90,299,000 after acquiring an additional 103,780 shares during the period. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Trading Up 4.7 %

Shares of Curtiss-Wright stock traded up $17.09 during trading on Wednesday, hitting $377.46. The stock had a trading volume of 276,794 shares, compared to its average volume of 222,556. The firm's fifty day simple moving average is $331.53 and its 200-day simple moving average is $297.08. The stock has a market cap of $14.32 billion, a PE ratio of 34.10 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright Co. has a 12 month low of $203.60 and a 12 month high of $380.98.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. The firm had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. The business's revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $2.15 EPS. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 10.66 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. Curtiss-Wright's payout ratio is 7.95%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CW. Morgan Stanley increased their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Truist Financial increased their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Finally, Robert W. Baird increased their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $362.60.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now owns 4,183 shares of the company's stock, valued at approximately $1,503,997.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Glenda J. Minor sold 500 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now directly owns 1,382 shares in the company, valued at $418,469.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently 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.