Venturi Wealth Management LLC Has $110,000 Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Venturi Wealth Management LLC raised its stake in Curtiss-Wright Co. (NYSE:CW) by 31.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 310 shares of the aerospace company’s stock after buying an additional 74 shares during the quarter. Venturi Wealth Management LLC’s holdings in Curtiss-Wright were worth $110,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Creative Planning raised its holdings in Curtiss-Wright by 8.2% during the third quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock valued at $988,000 after buying an additional 227 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Curtiss-Wright by 835.1% during the 3rd quarter. Blue Trust Inc. now owns 346 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 309 shares in the last quarter. Signaturefd LLC increased its holdings in Curtiss-Wright by 7.8% in the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after buying an additional 29 shares during the period. Greenleaf Trust bought a new stake in Curtiss-Wright in the third quarter valued at about $221,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Curtiss-Wright by 18.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,152 shares of the aerospace company’s stock worth $1,036,000 after buying an additional 491 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. Morgan Stanley raised 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. Citigroup initiated coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $316.15 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The stock has a market cap of $11.91 billion, a P/E ratio of 29.97, a P/E/G ratio of 2.48 and a beta of 1.19. The company’s 50 day moving average price is $352.38 and its two-hundred day moving average price is $343.87. Curtiss-Wright Co. has a 52 week low of $234.37 and a 52 week high of $393.40.

Curtiss-Wright (NYSE:CW) last issued 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, equities analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now directly owns 38,905 shares in the company, valued at $13,494,977.35. This represents a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares in the company, valued at $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. In the last ninety days, insiders have acquired 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. Corporate insiders own 0.67% of the company’s stock.

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.