EntryPoint Capital LLC Boosts Position in Curtiss-Wright Co. (NYSE:CW)

EntryPoint Capital LLC boosted its position in Curtiss-Wright Co. (NYSE:CW) by 53.7% during the 4th quarter, HoldingsChannel reports. The firm owned 1,108 shares of the aerospace company’s stock after purchasing an additional 387 shares during the period. EntryPoint Capital LLC’s holdings in Curtiss-Wright were worth $393,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CW. YANKCOM Partnership purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright during the third quarter valued at about $53,000. UMB Bank n.a. increased its position in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after buying an additional 64 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Curtiss-Wright in the third quarter worth about $59,000. Finally, Morse Asset Management Inc purchased a new position in shares of Curtiss-Wright during the 3rd quarter valued at about $69,000. 82.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CW. Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Truist Financial raised their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,131 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares of the company’s stock, valued at $13,955,858.67. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $330.23 on Thursday. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 2.48 and a beta of 1.15. The firm has a fifty day moving average price of $335.95 and a 200 day moving average price of $346.29. Curtiss-Wright Co. has a fifty-two week low of $246.43 and a fifty-two week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.96%.

Curtiss-Wright Company 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.