Minot DeBlois Advisors LLC Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

Minot DeBlois Advisors LLC bought a new stake in Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 100 shares of the aerospace company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of Curtiss-Wright by 0.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock worth $1,178,000 after purchasing an additional 29 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 30 shares during the period. Cornerstone Investment Partners LLC boosted its holdings in Curtiss-Wright by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after buying an additional 32 shares in the last quarter. Baird Financial Group Inc. grew its position in Curtiss-Wright by 1.6% during the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company’s stock worth $753,000 after buying an additional 34 shares during the period. Finally, Aaron Wealth Advisors LLC grew its position in Curtiss-Wright by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock worth $275,000 after buying an additional 37 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright 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 transaction, the chief financial officer now owns 9,253 shares in the company, valued at $3,238,550. This trade represents a 34.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP George P. Mcdonald sold 148 shares of the business’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 sale, the vice president now directly owns 1,899 shares of the company’s stock, valued at $617,953.59. This represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock valued at $3,581,107 in the last quarter. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Trading Up 2.0%

Shares of CW stock opened at $395.27 on Wednesday. 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 company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $329.39 and a 200 day moving average price of $345.89. Curtiss-Wright Co. has a twelve month low of $258.85 and a twelve month high of $399.25.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data 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 business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the previous year, the business posted $1.99 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. Research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.