Bahl & Gaynor Inc. Increases Stake in Curtiss-Wright Co. (NYSE:CW)

Bahl & Gaynor Inc. raised its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,273 shares of the aerospace company’s stock after buying an additional 755 shares during the quarter. Bahl & Gaynor Inc. owned about 0.08% of Curtiss-Wright worth $6,745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CW. Contravisory Investment Management Inc. purchased a new stake in Curtiss-Wright in the 4th quarter valued at $25,000. First Horizon Advisors Inc. raised its stake in Curtiss-Wright by 1,100.0% during the third quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 132 shares during the period. Montag A & Associates Inc. grew its stake in shares of Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after buying an additional 61 shares during the period. FSC Wealth Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $32,000. Finally, Venturi Wealth Management LLC raised its position in shares of Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after buying an additional 52 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Up 0.2 %

CW traded up $0.52 during mid-day trading on Friday, hitting $254.01. 137,055 shares of the stock were exchanged, compared to its average volume of 184,241. The firm’s fifty day moving average is $246.71 and its two-hundred day moving average is $226.59. Curtiss-Wright Co. has a 1-year low of $157.72 and a 1-year high of $261.46. The company has a market cap of $9.72 billion, a PE ratio of 27.61 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.24. The business had revenue of $785.79 million for the quarter, compared to analysts’ expectations of $737.09 million. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.92 earnings per share. Equities analysts forecast that Curtiss-Wright Co. will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.31%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.70%.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the completion of the transaction, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Lynn M. Bamford sold 2,620 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the transaction, the chief executive officer now directly owns 35,773 shares of the company’s stock, valued at $8,714,302.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total transaction of $657,077.76. Following the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock worth $3,030,512 in the last quarter. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. Truist Financial restated a “hold” rating and issued a $240.00 price objective (down from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Robert W. Baird lifted their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $260.25.

About Curtiss-Wright

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.