Orion Portfolio Solutions LLC Has $4.26 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

Orion Portfolio Solutions LLC trimmed its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,004 shares of the aerospace company’s stock after selling 50 shares during the period. Orion Portfolio Solutions LLC’s holdings in Curtiss-Wright were worth $4,260,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC lifted its position in shares of Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 29 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Curtiss-Wright by 0.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock worth $1,178,000 after buying an additional 29 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Curtiss-Wright by 10.6% during the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after buying an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC grew its holdings in shares of Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 32 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in shares of Curtiss-Wright by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock valued at $275,000 after acquiring an additional 37 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Trading Down 2.7 %

Shares of Curtiss-Wright stock opened at $316.74 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The business has a fifty day simple moving average of $334.14 and a two-hundred day simple moving average of $346.94. 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 P/E/G ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value 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 approximately $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CW. Truist Financial raised 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Finally, Citigroup started coverage on shares of Curtiss-Wright in a research note 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.