Venturi Wealth Management LLC Buys 74 Shares of Curtiss-Wright Co. (NYSE:CW)

Venturi Wealth Management LLC raised its position in shares of Curtiss-Wright Co. (NYSE:CW) by 31.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 310 shares of the aerospace company’s stock after purchasing an additional 74 shares during the period. Venturi Wealth Management LLC’s holdings in Curtiss-Wright were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Curtiss-Wright by 3.9% during the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after acquiring an additional 27,607 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after purchasing an additional 265,205 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after buying an additional 160,395 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Curtiss-Wright by 31.3% during the 4th quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company’s stock worth $118,203,000 after acquiring an additional 79,362 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Curtiss-Wright by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after acquiring an additional 22,543 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Down 4.3 %

Shares of NYSE CW opened at $316.15 on Monday. Curtiss-Wright Co. has a fifty-two week low of $234.37 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. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 2.48 and a beta of 1.19. The business’s 50 day moving average price is $352.38 and its 200-day moving average price is $343.87.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business 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 $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.27%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Analyst Ratings Changes

CW has been the subject of several research reports. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research report on Monday, November 18th. Truist Financial upped their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, COO Kevin Rayment sold 2,664 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total transaction of $924,194.88. Following the transaction, the chief operating officer now owns 24,236 shares of the company’s stock, valued at approximately $8,407,953.12. This trade represents a 9.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at $13,494,977.35. The trade was a 17.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. Corporate insiders own 0.67% of the company’s stock.

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.