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

Proficio Capital Partners LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the fourth quarter, Holdings Channel reports. The fund bought 44,063 shares of the aerospace company’s stock, valued at approximately $15,637,000.

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

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Trading Up 2.0 %

NYSE:CW opened at $322.24 on Friday. Curtiss-Wright Co. has a 12 month low of $234.49 and a 12 month high of $393.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.48 and a beta of 1.19. The firm has a fifty day simple moving average of $348.05 and a two-hundred day simple moving average of $344.33.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Analysts Set New Price Targets

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

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.