Sequoia Financial Advisors LLC Acquires 1,697 Shares of Curtiss-Wright Co. (NYSE:CW)

Sequoia Financial Advisors LLC grew its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 26.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,166 shares of the aerospace company’s stock after purchasing an additional 1,697 shares during the period. Sequoia Financial Advisors LLC’s holdings in Curtiss-Wright were worth $2,684,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Curtiss-Wright during the 1st quarter worth about $457,000. Allspring Global Investments Holdings LLC increased its stake in shares of Curtiss-Wright by 38.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock worth $19,524,000 after purchasing an additional 21,074 shares during the last quarter. State of Michigan Retirement System grew its stake in Curtiss-Wright by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 9,361 shares of the aerospace company’s stock valued at $2,396,000 after buying an additional 200 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Curtiss-Wright in the 1st quarter valued at about $256,000. Finally, Norden Group LLC grew its stake in Curtiss-Wright by 1,032.2% in the 1st quarter. Norden Group LLC now owns 22,712 shares of the aerospace company’s stock valued at $5,814,000 after buying an additional 20,706 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CW. Truist Financial upped their price target on shares of Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Robert W. Baird upped their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus boosted their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $326.75.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the transaction, the director now owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $350.24 on Thursday. The company has a 50 day moving average of $322.48 and a 200-day moving average of $290.13. Curtiss-Wright Co. has a 1-year low of $194.46 and a 1-year high of $367.55. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The company has a market cap of $13.41 billion, a PE ratio of 36.07 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The business had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. During the same quarter in the prior year, the firm earned $2.15 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 10.56 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.21 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

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.