Inceptionr LLC Sells 477 Shares of Curtiss-Wright Co. (NYSE:CW)

Inceptionr LLC reduced its position in shares of Curtiss-Wright Co. (NYSE:CWFree Report) by 14.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,798 shares of the aerospace company’s stock after selling 477 shares during the quarter. Inceptionr LLC’s holdings in Curtiss-Wright were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CW. Janney Montgomery Scott LLC raised its stake in shares of Curtiss-Wright by 14.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,297 shares of the aerospace company’s stock valued at $512,000 after acquiring an additional 288 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Curtiss-Wright by 48.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,900 shares of the aerospace company’s stock valued at $869,000 after purchasing an additional 1,274 shares during the last quarter. Nicholas Investment Partners LP lifted its holdings in Curtiss-Wright by 7.3% in the 4th quarter. Nicholas Investment Partners LP now owns 4,699 shares of the aerospace company’s stock worth $1,047,000 after buying an additional 318 shares during the period. Psagot Value Holdings Ltd. Israel grew its position in shares of Curtiss-Wright by 736.8% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 318 shares of the aerospace company’s stock worth $70,000 after buying an additional 280 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Curtiss-Wright by 3.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,123 shares of the aerospace company’s stock valued at $473,000 after buying an additional 78 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.5 %

NYSE CW traded up $1.47 during trading hours on Tuesday, reaching $274.48. 149,271 shares of the company’s stock traded hands, compared to its average volume of 189,196. Curtiss-Wright Co. has a 52-week low of $157.85 and a 52-week high of $279.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The firm has a 50-day simple moving average of $254.25 and a 200 day simple moving average of $232.54. The firm has a market cap of $10.51 billion, a PE ratio of 28.27 and a beta of 1.18.

Curtiss-Wright (NYSE:CWGet Free Report) last released its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm had revenue of $713.17 million during the quarter, compared to analyst estimates of $664.01 million. During the same period last year, the business earned $1.53 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts anticipate that Curtiss-Wright Co. will post 10.31 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.31%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 17th. Curtiss-Wright’s payout ratio is 8.24%.

Insider Transactions at Curtiss-Wright

In other news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Curtiss-Wright news, CFO K Christopher Farkas sold 925 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total transaction of $225,283.75. Following the sale, the chief financial officer now directly owns 10,052 shares in the company, valued at approximately $2,448,164.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,451 shares of company stock valued at $3,030,512. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of research analyst reports. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 5th. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Truist Financial raised their price objective on shares of Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Robert W. Baird increased their target price on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $277.00.

Get Our Latest Analysis on Curtiss-Wright

About Curtiss-Wright

(Free Report)

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.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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