Callan Family Office LLC Purchases Shares of 629 Curtiss-Wright Co. (NYSE:CW)

Callan Family Office LLC purchased a new stake in Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 629 shares of the aerospace company’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Atomi Financial Group Inc. purchased a new stake in shares of Curtiss-Wright during the 4th quarter worth $239,000. Truist Financial Corp lifted its position in shares of Curtiss-Wright by 6.2% during the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock worth $5,050,000 after purchasing an additional 825 shares during the last quarter. Athena Investment Management purchased a new stake in shares of Curtiss-Wright during the 4th quarter worth $302,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Curtiss-Wright during the 3rd quarter worth $542,000. Finally, Fisher Asset Management LLC lifted its position in shares of Curtiss-Wright by 8.4% during the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after purchasing an additional 5,437 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,453 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total transaction of $851,191.00. Following the transaction, the chief financial officer now directly owns 12,712 shares in the company, valued at $4,411,064. The trade was a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John C. Watts sold 622 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 116 shares of company stock worth $35,278 and have sold 15,935 shares worth $5,528,147. 0.67% of the stock is currently owned by company insiders.

Curtiss-Wright Price Performance

Shares of CW opened at $310.69 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The stock has a market cap of $11.70 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 1-year low of $236.31 and a 1-year high of $393.40. The firm has a fifty day moving average price of $341.66 and a 200 day moving average price of $345.17.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data 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 net margin of 12.98% and a return on equity of 17.11%. As a group, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 0.27%. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup assumed 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research report on Monday, November 18th. Finally, Truist Financial boosted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.