Appleton Partners Inc. MA Makes New $4.97 Million Investment in Curtiss-Wright Co. (NYSE:CW)

Appleton Partners Inc. MA purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,010 shares of the aerospace company's stock, valued at approximately $4,972,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at $239,000. Oppenheimer & Co. Inc. acquired a new position in shares of Curtiss-Wright during the third quarter worth about $542,000. Fisher Asset Management LLC boosted its position in shares of Curtiss-Wright by 8.4% in the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company's stock worth $23,158,000 after buying an additional 5,437 shares during the period. MML Investors Services LLC grew its stake in shares of Curtiss-Wright by 21.8% in the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company's stock valued at $3,217,000 after buying an additional 1,754 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of Curtiss-Wright during the 4th quarter valued at about $210,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP John C. Watts sold 622 shares of the company's stock in a transaction dated 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 transaction, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares of the company's stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CW has been the subject of several recent research reports. Stifel Nicolaus downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. 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 price target for the company. Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Citigroup started coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price for the company. Finally, Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $386.86.

Curtiss-Wright Stock Down 0.8 %

Shares of CW traded down $2.87 during midday trading on Tuesday, hitting $350.18. The company had a trading volume of 354,045 shares, compared to its average volume of 281,794. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 52 week low of $225.33 and a 52 week high of $393.40. The company's 50 day moving average price is $359.19 and its 200 day moving average price is $341.02. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.50 and a beta of 1.19.

Curtiss-Wright Announces Dividend

The company 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 dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's payout ratio is currently 7.95%.

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.