Signature Estate & Investment Advisors LLC Makes New $205,000 Investment in Curtiss-Wright Co. (NYSE:CW)

Signature Estate & Investment Advisors LLC purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 579 shares of the aerospace company’s stock, valued at approximately $205,000.

A number of other institutional investors have also modified their holdings of CW. TD Asset Management Inc. boosted its position in shares of Curtiss-Wright by 16.2% in the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock worth $271,977,000 after purchasing an additional 107,115 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in Curtiss-Wright in the fourth quarter worth about $299,000. EntryPoint Capital LLC grew its stake in shares of Curtiss-Wright by 53.7% during the fourth quarter. EntryPoint Capital LLC now owns 1,108 shares of the aerospace company’s stock worth $393,000 after acquiring an additional 387 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock valued at $1,289,608,000 after acquiring an additional 15,890 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Curtiss-Wright by 65.7% in the 4th quarter. LPL Financial LLC now owns 25,069 shares of the aerospace company’s stock valued at $8,896,000 after purchasing an additional 9,939 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. Truist Financial raised their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Price Performance

Shares of CW opened at $325.22 on Friday. The business’s 50-day moving average is $335.14 and its two-hundred day moving average is $346.14. The company has a market capitalization of $12.25 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a fifty-two week low of $246.43 and a fifty-two week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 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%. Research analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Buying and Selling

In related news, insider Paul J. Ferdenzi sold 658 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now owns 19,239 shares of the company’s stock, valued at approximately $6,265,757.52. This represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have bought 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by insiders.

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.