Tandem Investment Advisors Inc. Buys New Stake in Curtiss-Wright Co. (NYSE:CW)

Tandem Investment Advisors Inc. bought a new stake in Curtiss-Wright Co. (NYSE:CW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 580 shares of the aerospace company’s stock, valued at approximately $206,000.

A number of other large investors also recently added to or reduced their stakes in CW. Signaturefd LLC increased its position in shares of Curtiss-Wright by 7.8% during the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 29 shares during the period. Tidal Investments LLC grew its stake in Curtiss-Wright by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 29 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in Curtiss-Wright by 3.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 37 shares during the period. CIBC Asset Management Inc increased its holdings in Curtiss-Wright by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock worth $363,000 after purchasing an additional 37 shares during the period. Finally, Aaron Wealth Advisors LLC raised its position in Curtiss-Wright by 5.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock valued at $275,000 after purchasing an additional 37 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Curtiss-Wright Trading Down 1.7 %

NYSE CW opened at $330.00 on Friday. The firm’s fifty day moving average price is $353.39 and its 200 day moving average price is $342.46. Curtiss-Wright Co. has a 12 month low of $234.37 and a 12 month high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, sell-side analysts expect that Curtiss-Wright Co. will post 12.3 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now owns 18,405 shares of the company’s stock, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. 0.67% of the stock is owned by company insiders.

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.