Redmont Wealth Advisors LLC Takes Position in Curtiss-Wright Corporation $CW

Redmont Wealth Advisors LLC purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,219 shares of the aerospace company’s stock, valued at approximately $1,205,000. Curtiss-Wright makes up approximately 1.7% of Redmont Wealth Advisors LLC’s holdings, making the stock its 12th biggest holding.

Other large investors have also recently bought and sold shares of the company. Syon Capital LLC boosted its position in Curtiss-Wright by 131.7% during the 3rd quarter. Syon Capital LLC now owns 1,110 shares of the aerospace company’s stock worth $603,000 after acquiring an additional 631 shares during the period. Advisors Capital Management LLC purchased a new stake in shares of Curtiss-Wright in the third quarter worth approximately $254,000. Beirne Wealth Consulting Services LLC purchased a new stake in shares of Curtiss-Wright in the third quarter worth approximately $379,000. Rothschild Investment LLC grew its position in Curtiss-Wright by 2,512.5% during the third quarter. Rothschild Investment LLC now owns 209 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 201 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in Curtiss-Wright by 15.8% during the third quarter. Merit Financial Group LLC now owns 1,726 shares of the aerospace company’s stock valued at $937,000 after purchasing an additional 235 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CW shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Citigroup lifted their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Stifel Nicolaus boosted their target price on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $663.17.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,665 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,669,169.45. Following the transaction, the chief financial officer directly owned 7,358 shares of the company’s stock, valued at $4,608,536.14. The trade was a 26.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 9,327 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 46,192 shares of the company’s stock, valued at $28,936,978.40. This represents a 16.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,269 shares of company stock worth $10,797,098 in the last ninety days. 0.55% of the stock is owned by insiders.

Curtiss-Wright Trading Up 0.4%

Curtiss-Wright stock opened at $690.47 on Thursday. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $709.99. The company’s fifty day moving average price is $615.99 and its two-hundred day moving average price is $560.63. The company has a market capitalization of $25.46 billion, a price-to-earnings ratio of 53.65, a PEG ratio of 3.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00.

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

Curtiss-Wright Announces Dividend

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

Curtiss-Wright Profile

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.