Kestra Investment Management LLC Increases Stake in Curtiss-Wright Co. (NYSE:CW)

Kestra Investment Management LLC grew its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 140.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,971 shares of the aerospace company’s stock after buying an additional 2,901 shares during the period. Kestra Investment Management LLC’s holdings in Curtiss-Wright were worth $1,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CW. CWM LLC boosted its stake in Curtiss-Wright by 84.7% during the third quarter. CWM LLC now owns 1,228 shares of the aerospace company’s stock valued at $404,000 after buying an additional 563 shares during the period. Creative Planning boosted its position in shares of Curtiss-Wright by 8.2% during the 3rd quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock valued at $988,000 after acquiring an additional 227 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of Curtiss-Wright during the third quarter worth about $242,000. Blue Trust Inc. increased its position in shares of Curtiss-Wright by 835.1% in the third quarter. Blue Trust Inc. now owns 346 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 309 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Curtiss-Wright by 91.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock valued at $58,543,000 after purchasing an additional 85,013 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

In other news, COO Kevin Rayment sold 2,664 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total value of $924,194.88. Following the transaction, the chief operating officer now owns 24,236 shares in the company, valued at $8,407,953.12. This represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, 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 acquired 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Down 4.3 %

CW stock opened at $323.45 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $355.67 and a 200 day moving average of $342.25. Curtiss-Wright Co. has a twelve month low of $230.00 and a twelve month high of $393.40. The firm has a market cap of $12.28 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. On average, research analysts forecast that Curtiss-Wright Co. will post 10.72 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright’s dividend payout ratio is 7.95%.

Analyst Upgrades and Downgrades

CW has been the topic of a number of research reports. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Finally, Truist Financial raised their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average 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.