Redmont Wealth Advisors LLC Makes New $1.21 Million Investment in Curtiss-Wright Corporation $CW

Redmont Wealth Advisors LLC acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,219 shares of the aerospace company’s stock, valued at approximately $1,205,000. Curtiss-Wright comprises 1.7% of Redmont Wealth Advisors LLC’s holdings, making the stock its 12th largest position.

Several other hedge funds have also made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Curtiss-Wright in the 3rd quarter valued at approximately $2,781,000. Edmond DE Rothschild Holding S.A. boosted its stake in Curtiss-Wright by 108.0% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock valued at $1,141,000 after buying an additional 1,213 shares in the last quarter. Inscription Capital LLC grew its position in Curtiss-Wright by 248.3% in the third quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company’s stock valued at $1,386,000 after acquiring an additional 1,820 shares during the period. Creative Planning raised its stake in Curtiss-Wright by 30.4% during the second quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Curtiss-Wright by 914.7% during the second quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock valued at $10,103,000 after acquiring an additional 18,641 shares during the period. Institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the topic of several analyst reports. Citigroup upped their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $663.17.

Insider Transactions at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,665 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the sale, the chief financial officer owned 7,358 shares in the company, valued at $4,608,536.14. The trade was a 26.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert F. Freda sold 418 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.95, for a total transaction of $262,065.10. Following the sale, the vice president directly owned 5,187 shares of the company’s stock, valued at approximately $3,251,989.65. This trade represents a 7.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 17,269 shares of company stock valued at $10,797,098. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Price Performance

Shares of CW stock opened at $690.47 on Thursday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $709.99. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $615.99 and its 200-day moving average is $560.63. The firm has a market capitalization of $25.46 billion, a price-to-earnings ratio of 53.65, a PEG ratio of 3.06 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the previous year, the company posted $3.27 EPS. Curtiss-Wright’s revenue was up 14.9% on a year-over-year basis. Sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be issued a $0.24 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.46%.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.