Curtiss-Wright Corporation $CW Shares Acquired by Inspire Investing LLC

Inspire Investing LLC grew its holdings in Curtiss-Wright Corporation (NYSE:CW) by 28.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,836 shares of the aerospace company’s stock after buying an additional 2,150 shares during the quarter. Inspire Investing LLC’s holdings in Curtiss-Wright were worth $5,422,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $31,000. Larson Financial Group LLC lifted its holdings in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in shares of Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after buying an additional 15 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $43,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at approximately $43,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $776.95 on Thursday. The stock has a fifty day moving average price of $731.22 and a 200 day moving average price of $669.64. The stock has a market cap of $28.70 billion, a PE ratio of 56.92, a P/E/G ratio of 3.55 and a beta of 0.85. Curtiss-Wright Corporation has a 1 year low of $458.74 and a 1 year high of $785.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.Curtiss-Wright’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 earnings per share. Sell-side analysts forecast that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.

Analyst Ratings Changes

CW has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Finally, Citigroup lifted their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $746.67.

Insiders Place Their Bets

In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the transaction, the executive vice president directly owned 3,962 shares of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,119 shares of company stock valued at $2,257,998. Corporate insiders own 0.51% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.