Federated Hermes Inc. Buys 1,544 Shares of Curtiss-Wright Co. (NYSE:CW)

Federated Hermes Inc. increased its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 37.5% during the 2nd quarter, Holdings Channel reports. The fund owned 5,659 shares of the aerospace company’s stock after acquiring an additional 1,544 shares during the period. Federated Hermes Inc.’s holdings in Curtiss-Wright were worth $1,533,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in Curtiss-Wright by 14.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,297 shares of the aerospace company’s stock worth $512,000 after acquiring an additional 288 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Curtiss-Wright by 27.5% in the 4th quarter. Quadrant Capital Group LLC now owns 334 shares of the aerospace company’s stock worth $74,000 after purchasing an additional 72 shares in the last quarter. Norges Bank acquired a new stake in Curtiss-Wright in the 4th quarter valued at $113,885,000. Coldstream Capital Management Inc. increased its stake in Curtiss-Wright by 16.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,391 shares of the aerospace company’s stock valued at $310,000 after purchasing an additional 195 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Curtiss-Wright by 49.3% during the fourth quarter. Assetmark Inc. now owns 3,428 shares of the aerospace company’s stock worth $764,000 after buying an additional 1,132 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 3.3 %

Curtiss-Wright stock opened at $328.45 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. The stock has a market cap of $12.58 billion, a PE ratio of 33.83 and a beta of 1.18. Curtiss-Wright Co. has a fifty-two week low of $190.64 and a fifty-two week high of $328.83. The firm’s 50-day simple moving average is $295.28 and its 200 day simple moving average is $274.56.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. Curtiss-Wright’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.15 earnings per share. Research analysts predict that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.65%.

Wall Street Analyst Weigh In

CW has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Stifel Nicolaus increased their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Buy” and a consensus target price of $307.50.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the sale, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 120 shares of company stock worth $27,914. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Profile

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.