Rafferty Asset Management LLC Acquires 335 Shares of Curtiss-Wright Co. (NYSE:CW)

Rafferty Asset Management LLC lifted its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,582 shares of the aerospace company’s stock after purchasing an additional 335 shares during the period. Rafferty Asset Management LLC’s holdings in Curtiss-Wright were worth $3,755,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CW. Envestnet Portfolio Solutions Inc. raised its position in Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock worth $1,178,000 after acquiring an additional 29 shares during the period. Harbour Investments Inc. raised its holdings in shares of Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 30 shares during the period. Cornerstone Investment Partners LLC raised its holdings in shares of Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 32 shares during the period. Baird Financial Group Inc. lifted its stake in Curtiss-Wright by 1.6% in the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company’s stock valued at $753,000 after purchasing an additional 34 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in Curtiss-Wright by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock valued at $275,000 after purchasing an additional 37 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Up 0.7%

Shares of CW opened at $410.05 on Monday. Curtiss-Wright Co. has a twelve month low of $258.85 and a twelve month high of $410.35. The stock has a market cap of $15.44 billion, a PE ratio of 38.87, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $335.15 and its 200-day moving average price is $347.02.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the prior year, the firm posted $1.99 EPS. Curtiss-Wright’s revenue was up 13.0% on a year-over-year basis. On average, equities analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be paid a dividend of $0.24 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 annualized dividend and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.54%.

Insider Buying and Selling

In other news, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. The trade was a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO K Christopher Farkas sold 4,780 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the completion of the transaction, the chief financial officer now owns 9,253 shares of the company’s stock, valued at $3,238,550. This trade represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,642 shares of company stock worth $3,581,107 over the last ninety days. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on CW. Truist Financial lowered their target price on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Citigroup lowered their price objective on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus cut their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $377.43.

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.