Running Oak Capital LLC Has $15.43 Million Stock Position in Curtiss-Wright Corporation (NYSE:CW)

Running Oak Capital LLC increased its stake in Curtiss-Wright Corporation (NYSE:CW) by 14.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,622 shares of the aerospace company’s stock after acquiring an additional 6,221 shares during the quarter. Curtiss-Wright comprises 1.9% of Running Oak Capital LLC’s holdings, making the stock its 27th largest holding. Running Oak Capital LLC’s holdings in Curtiss-Wright were worth $15,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc increased its stake in Curtiss-Wright by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 1,161 shares of the aerospace company’s stock valued at $412,000 after purchasing an additional 58 shares in the last quarter. Truist Financial Corp increased its stake in Curtiss-Wright by 6.2% in the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock valued at $5,050,000 after purchasing an additional 825 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Curtiss-Wright by 31.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 74 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in Curtiss-Wright by 6.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,772 shares of the aerospace company’s stock valued at $629,000 after purchasing an additional 105 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in Curtiss-Wright by 37.2% in the fourth quarter. Global Retirement Partners LLC now owns 664 shares of the aerospace company’s stock valued at $236,000 after purchasing an additional 180 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Citigroup upped their target price on Curtiss-Wright from $444.00 to $520.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 24th. 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 report on Thursday, April 17th. Finally, Robert W. Baird upped their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.00.

Curtiss-Wright Trading Up 0.7%

NYSE CW opened at $465.84 on Friday. The firm has a market capitalization of $17.54 billion, a P/E ratio of 41.45, a PEG ratio of 3.06 and a beta of 1.14. The business has a fifty day simple moving average of $400.61 and a 200 day simple moving average of $360.83. Curtiss-Wright Corporation has a 12 month low of $258.85 and a 12 month high of $479.91. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. Curtiss-Wright’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 EPS. On average, analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a $0.24 dividend. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright’s dividend payout ratio is presently 8.54%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the company’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the transaction, the vice president now owns 4,959 shares in the company, valued at $2,228,376.24. This represents a 8.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,130 shares of company stock valued at $2,726,412. 0.55% of the stock is owned by insiders.

About Curtiss-Wright

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.