Guardian Capital LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,348 shares of the aerospace company’s stock, valued at approximately $743,000.
Other large investors have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at $26,000. Larson Financial Group LLC boosted its holdings in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares in the last quarter. First Horizon Corp acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at $34,000. Sunbelt Securities Inc. acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at $43,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 82.71% of the company’s stock.
Curtiss-Wright Stock Down 4.7%
Shares of Curtiss-Wright stock opened at $715.22 on Friday. The company has a market cap of $26.42 billion, a P/E ratio of 52.40, a PEG ratio of 3.30 and a beta of 0.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. Curtiss-Wright Corporation has a one year low of $405.43 and a one year high of $760.72. The firm has a fifty day moving average of $706.58 and a two-hundred day moving average of $641.80.
Curtiss-Wright Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday. Citigroup upped their price target on shares of Curtiss-Wright from $718.00 to $728.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Finally, Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $738.83.
Check Out Our Latest Analysis on Curtiss-Wright
Insiders Place Their Bets
In other news, CFO K Christopher Farkas sold 918 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total value of $621,908.28. Following the completion of the transaction, the chief financial officer owned 5,518 shares in the company, valued at $3,738,224.28. This trade represents a 14.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kevin Rayment sold 907 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the transaction, the chief operating officer owned 31,493 shares of the company’s stock, valued at $21,332,728.34. This represents a 2.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 5,961 shares of company stock worth $4,039,279. Insiders own 0.51% of the company’s stock.
Curtiss-Wright Profile
Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.
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