KCM Investment Advisors LLC Grows Position in Curtiss-Wright Corporation $CW

KCM Investment Advisors LLC grew its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 130.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,434 shares of the aerospace company’s stock after acquiring an additional 5,900 shares during the quarter. KCM Investment Advisors LLC’s holdings in Curtiss-Wright were worth $5,665,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Atlantic Union Bankshares Corp acquired a new stake in shares of Curtiss-Wright in the third quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Curtiss-Wright during the 2nd quarter worth approximately $27,000. Penserra Capital Management LLC purchased a new position in Curtiss-Wright in the 2nd quarter worth approximately $29,000. First Horizon Corp acquired a new stake in Curtiss-Wright in the third quarter valued at approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW opened at $712.40 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The firm’s 50 day moving average is $646.45 and its 200-day moving average is $575.53. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $730.12. The stock has a market capitalization of $26.27 billion, a P/E ratio of 55.35, a P/E/G ratio of 3.42 and a beta of 0.91.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. The firm had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $3.27 earnings per share. Equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be given a $0.24 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CW. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Morgan Stanley reissued an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Citigroup upped their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research note on Friday, January 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Insider Buying and Selling

In other news, VP Gary A. Ogilby sold 625 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $624.32, for a total value of $390,200.00. Following the completion of the sale, the vice president owned 2,571 shares of the company’s stock, valued at $1,605,126.72. This trade represents a 19.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lynn M. Bamford sold 9,327 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total value of $5,842,899.15. Following the transaction, the chief executive officer directly owned 46,192 shares in the company, valued at $28,936,978.40. The trade was a 16.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 17,269 shares of company stock valued at $10,797,098. Company insiders own 0.55% 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.