Norges Bank Purchases New Holdings in Curtiss-Wright Co. (NYSE:CW)

Norges Bank acquired a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 568,818 shares of the aerospace company's stock, valued at approximately $201,856,000. Norges Bank owned approximately 1.50% of Curtiss-Wright as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright during the third quarter valued at approximately $53,000. UMB Bank n.a. raised its position in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after purchasing an additional 64 shares during the period. Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $69,000. Finally, Smartleaf Asset Management LLC boosted its position in Curtiss-Wright by 85.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock valued at $82,000 after purchasing an additional 105 shares during the period. Institutional investors own 82.71% of the company's stock.

Analyst Ratings Changes

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

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Insider Buying and Selling

In related news, VP John C. Watts sold 622 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul J. Ferdenzi sold 658 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now directly owns 19,239 shares in the company, valued at $6,265,757.52. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Price Performance

Curtiss-Wright stock traded down $19.28 during trading hours on Friday, hitting $283.63. 325,522 shares of the company traded hands, compared to its average volume of 261,308. The firm's 50-day simple moving average is $327.23 and its two-hundred day simple moving average is $346.47. The firm has a market cap of $10.68 billion, a P/E ratio of 26.88, a P/E/G ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating 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, analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 annualized dividend and a yield of 0.30%. Curtiss-Wright's dividend payout ratio is currently 7.96%.

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.