Raymond James Financial Inc. Takes $31.50 Million Position in Curtiss-Wright Co. (NYSE:CW)

Raymond James Financial Inc. purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at $69,000. Sanctuary Advisors LLC boosted its stake in shares of Curtiss-Wright by 91.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,794 shares of the aerospace company's stock worth $590,000 after acquiring an additional 858 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $47,220,000. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright in the 3rd quarter worth about $53,000. Finally, Tidal Investments LLC grew its holdings in Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock valued at $381,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 622 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO K Christopher Farkas sold 2,453 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total transaction of $851,191.00. Following the completion of the transaction, the chief financial officer now directly owns 12,712 shares in the company, valued at $4,411,064. The trade was a 16.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,797 shares of company stock worth $7,436,255. Insiders own 0.55% of the company's stock.

Curtiss-Wright Trading Up 2.1 %

Curtiss-Wright stock traded up $6.55 during trading on Tuesday, reaching $322.98. 174,824 shares of the company were exchanged, compared to its average volume of 266,017. 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's 50 day simple moving average is $318.12 and its two-hundred day simple moving average is $345.06. The company has a market capitalization of $12.16 billion, a P/E ratio of 30.61, a PEG ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 52-week low of $249.14 and a 52-week high of $393.40.

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

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Thursday, March 27th. Curtiss-Wright's payout ratio is presently 7.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CW shares. Truist Financial dropped their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Citigroup reduced their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Stifel Nicolaus cut their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus target price of $377.43.

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.