State of Wyoming Raises Stock Position in Curtiss-Wright Co. (NYSE:CW)

State of Wyoming boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 434.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 540 shares of the aerospace company’s stock after acquiring an additional 439 shares during the period. State of Wyoming’s holdings in Curtiss-Wright were worth $192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Merit Financial Group LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $210,000. UMB Bank n.a. lifted its holdings in Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in Curtiss-Wright in the 4th quarter valued at $239,000. Janney Montgomery Scott LLC boosted its stake in Curtiss-Wright by 28.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,653 shares of the aerospace company’s stock worth $941,000 after purchasing an additional 584 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of Curtiss-Wright by 8.4% during the fourth quarter. Mutual Advisors LLC now owns 1,061 shares of the aerospace company’s stock worth $388,000 after buying an additional 82 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the sale, the chief financial officer now owns 9,253 shares in the company, valued at approximately $3,238,550. This trade represents a 34.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kevin Rayment sold 1,003 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.73, for a total value of $326,707.19. Following the completion of the sale, the chief operating officer now directly owns 25,863 shares in the company, valued at approximately $8,424,354.99. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,642 shares of company stock valued at $3,581,107 over the last 90 days. 0.55% of the stock is owned by insiders.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $428.52 on Friday. The firm has a 50 day simple moving average of $345.02 and a 200-day simple moving average of $349.20. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 40.62, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. 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 1-year low of $258.85 and a 1-year high of $430.07.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.43. The company had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.99 earnings per share. On average, analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be issued a $0.24 dividend. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright’s payout ratio is 8.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CW. Truist Financial decreased 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. Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Citigroup lowered their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Stifel Nicolaus cut their price target on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird boosted their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $404.29.

About Curtiss-Wright

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.