Redmont Wealth Advisors LLC Acquires 403 Shares of Curtiss-Wright Co. (NYSE:CW)

Redmont Wealth Advisors LLC boosted its stake in Curtiss-Wright Co. (NYSE:CW) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,568 shares of the aerospace company’s stock after acquiring an additional 403 shares during the period. Curtiss-Wright accounts for about 1.2% of Redmont Wealth Advisors LLC’s holdings, making the stock its 25th biggest position. Redmont Wealth Advisors LLC’s holdings in Curtiss-Wright were worth $795,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in Curtiss-Wright by 16.9% in the 1st quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock worth $614,000 after purchasing an additional 593 shares during the period. US Bancorp DE raised its holdings in shares of Curtiss-Wright by 15.4% during the first quarter. US Bancorp DE now owns 5,655 shares of the aerospace company’s stock valued at $849,000 after purchasing an additional 756 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Curtiss-Wright by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock worth $1,141,000 after purchasing an additional 121 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Curtiss-Wright during the first quarter valued at about $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Curtiss-Wright by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock worth $2,159,000 after purchasing an additional 1,371 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 26th. Truist Financial reaffirmed a “hold” rating and set a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Stifel Nicolaus lifted their price target on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, 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 research note on Monday, April 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.25.

Insider Activity at Curtiss-Wright

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Lynn M. Bamford sold 2,620 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the sale, the chief executive officer now owns 35,773 shares of the company’s stock, valued at approximately $8,714,302.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at $4,171,920. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock worth $3,030,512 in the last 90 days. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Stock Up 0.4 %

Shares of CW traded up $0.96 during midday trading on Friday, hitting $249.49. The company had a trading volume of 58,627 shares, compared to its average volume of 186,335. The company’s 50 day moving average price is $244.23 and its 200 day moving average price is $224.17. Curtiss-Wright Co. has a 52 week low of $157.72 and a 52 week high of $261.46. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 27.03 and a beta of 1.18. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45.

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

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend 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%.

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.