Running Oak Capital LLC Increases Holdings in Curtiss-Wright Co. (NYSE:CW)

Running Oak Capital LLC boosted its holdings in Curtiss-Wright Co. (NYSE:CW) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,401 shares of the aerospace company’s stock after acquiring an additional 448 shares during the quarter. Curtiss-Wright accounts for about 2.0% of Running Oak Capital LLC’s investment portfolio, making the stock its 7th largest position. Running Oak Capital LLC’s holdings in Curtiss-Wright were worth $15,047,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC increased its position in shares of Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. UMB Bank n.a. boosted its holdings in Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Curtiss-Wright during the 3rd quarter valued at about $53,000. Brooklyn Investment Group purchased a new stake in Curtiss-Wright during the 3rd quarter valued at about $59,000. Finally, Quarry LP boosted its holdings in Curtiss-Wright by 176.9% during the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock valued at $68,000 after acquiring an additional 161 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Alembic Global Advisors assumed coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Truist Financial increased their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley increased their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 116 shares of company stock valued at $35,278 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Down 0.1 %

CW stock opened at $383.75 on Friday. Curtiss-Wright Co. has a twelve month low of $220.90 and a twelve month high of $393.40. 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 firm has a market cap of $14.56 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 2.73 and a beta of 1.19. The business has a 50 day moving average of $364.27 and a 200 day moving average of $334.62.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

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.