Hudson Edge Investment Partners Inc. Raises Holdings in Curtiss-Wright Co. (NYSE:CW)

Hudson Edge Investment Partners Inc. grew its position in Curtiss-Wright Co. (NYSE:CW) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,656 shares of the aerospace company’s stock after buying an additional 130 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Curtiss-Wright were worth $943,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CW. Creative Planning lifted its holdings in shares of Curtiss-Wright by 8.2% in the 3rd quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock worth $988,000 after buying an additional 227 shares during the period. Blue Trust Inc. lifted its holdings in shares of Curtiss-Wright by 835.1% in the 3rd quarter. Blue Trust Inc. now owns 346 shares of the aerospace company’s stock worth $114,000 after buying an additional 309 shares during the period. Signaturefd LLC lifted its holdings in shares of Curtiss-Wright by 7.8% in the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after buying an additional 29 shares during the period. Greenleaf Trust bought a new position in shares of Curtiss-Wright in the 3rd quarter worth $221,000. Finally, International Assets Investment Management LLC raised its position in shares of Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after acquiring an additional 403,701 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Kevin Rayment sold 2,664 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.92, for a total value of $924,194.88. Following the sale, the chief operating officer now owns 24,236 shares in the company, valued at $8,407,953.12. This represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now owns 28,688 shares in the company, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Trading Down 4.3 %

Shares of NYSE:CW opened at $316.15 on Friday. The business’s 50-day moving average is $352.38 and its 200 day moving average is $342.82. Curtiss-Wright Co. has a 1 year low of $234.37 and a 1 year high of $393.40. The firm has a market capitalization of $11.91 billion, a P/E ratio of 29.97, a P/E/G ratio of 2.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (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%. On average, research analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Wall Street Analysts Forecast Growth

CW has been the subject of several recent research reports. Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Stifel Nicolaus lowered 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. Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Finally, Citigroup initiated coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.