Proficio Capital Partners LLC Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

Proficio Capital Partners LLC acquired a new stake in Curtiss-Wright Co. (NYSE:CW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 44,063 shares of the aerospace company’s stock, valued at approximately $15,637,000. Proficio Capital Partners LLC owned about 0.12% of Curtiss-Wright as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Creative Planning increased its position in shares of Curtiss-Wright by 8.2% in the third quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock valued at $988,000 after acquiring an additional 227 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in Curtiss-Wright by 6.3% in the third quarter. First Trust Direct Indexing L.P. now owns 1,126 shares of the aerospace company’s stock valued at $370,000 after purchasing an additional 67 shares in the last quarter. US Bancorp DE increased its position in shares of Curtiss-Wright by 94.0% during the 3rd quarter. US Bancorp DE now owns 8,873 shares of the aerospace company’s stock worth $2,916,000 after purchasing an additional 4,300 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Curtiss-Wright by 15.8% during the 3rd quarter. New York State Common Retirement Fund now owns 78,503 shares of the aerospace company’s stock worth $25,803,000 after purchasing an additional 10,700 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Curtiss-Wright by 29.0% in the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock valued at $88,847,000 after buying an additional 56,966 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CW shares. Morgan Stanley boosted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Finally, Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $322.24 on Friday. The business has a fifty day moving average price of $348.05 and a two-hundred day moving average price of $344.33. The stock has a market capitalization of $12.14 billion, a PE ratio of 30.54, a P/E/G ratio of 2.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a fifty-two week low of $234.49 and a fifty-two week high of $393.40.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. As a group, equities analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kevin Rayment sold 2,664 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total transaction of $924,194.88. Following the completion of the sale, the chief operating officer now owns 24,236 shares in the company, valued at approximately $8,407,953.12. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Company insiders own 0.67% of the company’s stock.

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.