Curtiss-Wright Co. (NYSE:CW) Stake Increased by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in Curtiss-Wright Co. (NYSE:CW) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,718 shares of the aerospace company’s stock after buying an additional 1,566 shares during the period. Cetera Investment Advisers’ holdings in Curtiss-Wright were worth $5,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CW. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright during the fourth quarter valued at $31,000. Ancora Advisors LLC acquired a new position in shares of Curtiss-Wright during the fourth quarter valued at $49,000. UMB Bank n.a. boosted its holdings in shares of Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 64 shares during the period. Altshuler Shaham Ltd acquired a new position in shares of Curtiss-Wright during the fourth quarter valued at $70,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock valued at $82,000 after acquiring an additional 105 shares during the period. Institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CW. Stifel Nicolaus reduced their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a report on Monday, April 14th. Truist Financial reduced their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a report on Thursday, April 17th. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Citigroup reduced their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $377.43.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the sale, the chief financial officer now owns 9,253 shares in the company, valued at approximately $3,238,550. The trade was a 34.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,642 shares of company stock worth $3,581,107. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $395.27 on Wednesday. Curtiss-Wright Co. has a twelve month low of $258.85 and a twelve month high of $399.25. 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 company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 2.48 and a beta of 1.04. The firm has a 50-day moving average of $329.39 and a two-hundred day moving average of $345.89.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating 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 company had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. During the same period in the prior year, the company earned $1.99 EPS. Curtiss-Wright’s revenue was up 13.0% on a year-over-year basis. As a group, analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

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.