Wedge Capital Management L L P NC Buys 488 Shares of Curtiss-Wright Co. (NYSE:CW)

Wedge Capital Management L L P NC lifted its stake in Curtiss-Wright Co. (NYSE:CW) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,914 shares of the aerospace company’s stock after buying an additional 488 shares during the period. Wedge Capital Management L L P NC’s holdings in Curtiss-Wright were worth $4,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in Curtiss-Wright by 0.7% during the third quarter. Invesco Ltd. now owns 1,307,585 shares of the aerospace company’s stock worth $255,803,000 after purchasing an additional 8,470 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Curtiss-Wright by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 712,704 shares of the aerospace company’s stock worth $139,427,000 after purchasing an additional 2,784 shares during the last quarter. Fiera Capital Corp bought a new stake in Curtiss-Wright during the third quarter worth $31,386,000. International Assets Investment Management LLC bought a new stake in Curtiss-Wright during the fourth quarter worth $31,816,000. Finally, Seizert Capital Partners LLC lifted its stake in shares of Curtiss-Wright by 674.7% in the 3rd quarter. Seizert Capital Partners LLC now owns 111,826 shares of the aerospace company’s stock valued at $21,877,000 after acquiring an additional 97,392 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO K Christopher Farkas sold 2,736 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO K Christopher Farkas sold 2,736 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the sale, the vice president now owns 17,383 shares of the company’s stock, valued at $4,171,920. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,451 shares of company stock worth $3,030,512. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $252.64 on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $245.96 and a two-hundred day moving average price of $226.03. Curtiss-Wright Co. has a 1-year low of $157.72 and a 1-year high of $261.46. The company has a market cap of $9.67 billion, a P/E ratio of 27.46 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The firm had revenue of $785.79 million during the quarter, compared to the consensus estimate of $737.09 million. During the same period last year, the business posted $2.92 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that Curtiss-Wright Co. will post 10.16 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.32%. Curtiss-Wright’s payout ratio is currently 8.70%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CW shares. Robert W. Baird increased their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Truist Financial restated a “hold” rating and issued a $240.00 price objective (down from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Friday, April 19th. Finally, Stifel Nicolaus increased their price objective on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $260.25.

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.