Amundi Buys 16,041 Shares of Curtiss-Wright Co. (NYSE:CW)

Amundi grew its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 544.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,985 shares of the aerospace company's stock after purchasing an additional 16,041 shares during the period. Amundi owned approximately 0.05% of Curtiss-Wright worth $6,681,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Atomi Financial Group Inc. bought a new position in shares of Curtiss-Wright in the 4th quarter valued at $239,000. Truist Financial Corp lifted its holdings in shares of Curtiss-Wright by 6.2% during the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after purchasing an additional 825 shares during the period. Athena Investment Management bought a new stake in shares of Curtiss-Wright in the fourth quarter worth $302,000. Oppenheimer & Co. Inc. acquired a new stake in Curtiss-Wright in the third quarter valued at $542,000. Finally, Fisher Asset Management LLC raised its position in Curtiss-Wright by 8.4% during the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company's stock worth $23,158,000 after purchasing an additional 5,437 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Activity

In other news, insider Paul J. Ferdenzi sold 1,907 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the transaction, the insider now owns 18,405 shares of the company's stock, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company's stock, valued at $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company's stock.

Remove Ads

Curtiss-Wright Stock Up 2.2 %

NYSE CW traded up $7.09 during trading hours on Wednesday, hitting $331.30. The company's stock had a trading volume of 119,216 shares, compared to its average volume of 315,937. The company has a market capitalization of $12.48 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 52 week low of $242.52 and a 52 week high of $393.40. The company's 50-day simple moving average is $338.64 and its two-hundred day simple moving average is $345.39. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

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

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Analyst Ratings Changes

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