Level Four Advisory Services LLC Acquires 955 Shares of Curtiss-Wright Co. (NYSE:CW)

Level Four Advisory Services LLC lifted its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 18.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,130 shares of the aerospace company’s stock after buying an additional 955 shares during the period. Level Four Advisory Services LLC’s holdings in Curtiss-Wright were worth $2,175,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cerity Partners LLC lifted its holdings in shares of Curtiss-Wright by 20.9% in the third quarter. Cerity Partners LLC now owns 6,661 shares of the aerospace company’s stock worth $2,189,000 after acquiring an additional 1,152 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Curtiss-Wright by 144.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 661 shares of the aerospace company’s stock valued at $217,000 after purchasing an additional 391 shares during the last quarter. FMR LLC boosted its position in Curtiss-Wright by 27.7% in the third quarter. FMR LLC now owns 160,065 shares of the aerospace company’s stock valued at $52,612,000 after buying an additional 34,706 shares in the last quarter. Bridgewater Associates LP grew its stake in shares of Curtiss-Wright by 1,314.4% during the third quarter. Bridgewater Associates LP now owns 18,911 shares of the aerospace company’s stock worth $6,216,000 after buying an additional 17,574 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Curtiss-Wright by 9.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,266 shares of the aerospace company’s stock worth $39,530,000 after buying an additional 10,385 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Price Performance

Shares of CW opened at $316.74 on Friday. The business has a 50-day moving average of $334.14 and a 200-day moving average of $346.62. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. 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 issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. As a group, equities research analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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

Insider Activity at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the transaction, the insider now directly owns 18,405 shares of the company’s stock, valued at $6,386,166.90. This represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares of the company’s stock, valued at approximately $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 90 days, insiders have acquired 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CW has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup started coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average price target of $386.86.

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.