Creekmur Asset Management LLC Has $2.25 Million Holdings in Curtiss-Wright Corporation $CW

Creekmur Asset Management LLC lifted its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 51.4% during the third quarter, Holdings Channel.com reports. The firm owned 4,140 shares of the aerospace company’s stock after purchasing an additional 1,405 shares during the period. Creekmur Asset Management LLC’s holdings in Curtiss-Wright were worth $2,248,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CW. Clearstead Advisors LLC increased its stake in Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after purchasing an additional 17 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Curtiss-Wright by 1.8% during the third quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock valued at $554,000 after buying an additional 18 shares during the last quarter. Huntington National Bank increased its position in shares of Curtiss-Wright by 9.5% during the third quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock worth $113,000 after acquiring an additional 18 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Curtiss-Wright by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock worth $746,000 after acquiring an additional 22 shares during the last quarter. Finally, Cadinha & Co. LLC lifted its position in Curtiss-Wright by 1.3% in the 3rd quarter. Cadinha & Co. LLC now owns 2,368 shares of the aerospace company’s stock valued at $1,286,000 after acquiring an additional 30 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Morgan Stanley reissued an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Finally, Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research note on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $663.17.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $700.14 on Friday. The business’s fifty day simple moving average is $637.74 and its 200 day simple moving average is $570.89. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $719.05. The firm has a market capitalization of $25.81 billion, a P/E ratio of 54.40, a price-to-earnings-growth ratio of 3.41 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $0.13. The firm had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $3.27 EPS. As a group, analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s payout ratio is currently 7.46%.

Insiders Place Their Bets

In other news, COO Kevin Rayment sold 2,634 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total value of $1,649,753.22. Following the completion of the transaction, the chief operating officer owned 29,896 shares in the company, valued at $18,724,761.68. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 9,327 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total value of $5,842,899.15. Following the completion of the sale, the chief executive officer directly owned 46,192 shares in the company, valued at approximately $28,936,978.40. The trade was a 16.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 17,269 shares of company stock valued at $10,797,098. Company insiders own 0.55% of the company’s stock.

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.