Sequoia Financial Advisors LLC Increases Holdings in Curtiss-Wright Co. (NYSE:CW)

Sequoia Financial Advisors LLC increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 29.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,640 shares of the aerospace company’s stock after purchasing an additional 595 shares during the period. Sequoia Financial Advisors LLC’s holdings in Curtiss-Wright were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at approximately $25,000. First Horizon Advisors Inc. increased its stake in shares of Curtiss-Wright by 1,100.0% in the third quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after buying an additional 132 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Curtiss-Wright in the second quarter valued at $28,000. Montag A & Associates Inc. boosted its stake in Curtiss-Wright by 67.0% during the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 61 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Curtiss-Wright during the 3rd quarter worth $32,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CW. Robert W. Baird increased their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus lifted their target price on Curtiss-Wright from $244.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Truist Financial reiterated a “hold” rating and issued a $240.00 target price (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Finally, StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $256.00.

Curtiss-Wright Stock Up 1.2 %

CW stock opened at $249.94 on Wednesday. Curtiss-Wright Co. has a 12 month low of $157.72 and a 12 month high of $261.46. The firm has a market cap of $9.57 billion, a PE ratio of 27.17 and a beta of 1.18. The firm has a 50 day simple moving average of $243.33 and a 200 day simple moving average of $223.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 1.50.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The business had revenue of $785.79 million during the quarter, compared to analyst estimates of $737.09 million. During the same period in the prior year, the business earned $2.92 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts forecast that Curtiss-Wright Co. will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 8.70%.

Insider Activity at Curtiss-Wright

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the sale, the vice president now owns 15,942 shares in the company, valued at approximately $3,985,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the sale, the vice president now owns 15,942 shares in the company, valued at approximately $3,985,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO K Christopher Farkas sold 2,736 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the completion of the sale, the chief financial officer now owns 9,172 shares of the company’s stock, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock valued at $3,030,512 over the last ninety days. Insiders own 0.55% of the company’s stock.

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.