Raymond James Financial Inc. Acquires Shares of 88,755 Curtiss-Wright Co. (NYSE:CW)

Raymond James Financial Inc. purchased a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 88,755 shares of the aerospace company's stock, valued at approximately $31,497,000. Raymond James Financial Inc. owned approximately 0.23% of Curtiss-Wright as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. YANKCOM Partnership purchased a new stake in Curtiss-Wright in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Curtiss-Wright in the third quarter worth $53,000. Brooklyn Investment Group bought a new stake in Curtiss-Wright during the third quarter valued at $59,000. UMB Bank n.a. grew its position in Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after buying an additional 64 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in Curtiss-Wright in the 3rd quarter worth about $69,000. 82.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the transaction, the vice president now owns 5,072 shares of the company's stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 owns 38,905 shares in the company, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders bought 116 shares of company stock valued at $35,278 and sold 15,935 shares valued at $5,528,147. 0.67% of the stock is currently owned by corporate insiders.

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Curtiss-Wright Trading Up 1.9 %

NYSE CW traded up $6.16 during trading on Monday, hitting $328.82. 302,230 shares of the company's stock traded hands, compared to its average volume of 249,808. The firm has a market cap of $12.38 billion, a P/E ratio of 31.17, a PEG ratio of 2.48 and a beta of 1.15. The stock has a fifty day moving average of $339.57 and a two-hundred day moving average of $345.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a 12-month low of $241.44 and a 12-month high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 yield of 0.26%. Curtiss-Wright's dividend payout ratio is currently 7.96%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CW. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective on the stock. Truist Financial raised their price objective 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. Stifel Nicolaus lowered 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 report on Monday, November 18th. Finally, Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target for the company. Two investment 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 currently has an average rating of "Moderate Buy" and a consensus target price of $386.86.

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.