Tidal Investments LLC Has $27.15 Million Position in Curtiss-Wright Co. (NYSE:CW)

Tidal Investments LLC boosted its holdings in Curtiss-Wright Co. (NYSE:CW) by 6,500.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,498 shares of the aerospace company’s stock after buying an additional 75,339 shares during the period. Tidal Investments LLC owned approximately 0.20% of Curtiss-Wright worth $27,147,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CW. Assenagon Asset Management S.A. acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $13,395,000. Park Avenue Securities LLC raised its holdings in Curtiss-Wright by 23.1% in the fourth quarter. Park Avenue Securities LLC now owns 5,615 shares of the aerospace company’s stock worth $1,993,000 after purchasing an additional 1,054 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Curtiss-Wright by 33.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,198 shares of the aerospace company’s stock worth $1,490,000 after purchasing an additional 1,046 shares during the period. Merit Financial Group LLC acquired a new stake in Curtiss-Wright in the fourth quarter worth $210,000. Finally, Smith Salley Wealth Management acquired a new stake in Curtiss-Wright in the fourth quarter worth $11,074,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 4,780 shares of the firm’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 approximately $3,238,550. This trade represents a 34.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the firm’s 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 transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,642 shares of company stock valued at $3,581,107. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CW. Truist Financial cut their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus cut their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Citigroup cut their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $377.43.

Curtiss-Wright Trading Up 0.7%

Shares of NYSE:CW opened at $410.05 on Friday. Curtiss-Wright Co. has a 12 month low of $258.85 and a 12 month high of $410.35. 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 company’s fifty day simple moving average is $335.15 and its 200 day simple moving average is $347.01. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS 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 period last year, the business posted $1.99 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.21. Curtiss-Wright’s dividend payout ratio (DPR) is 8.54%.

Curtiss-Wright 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.