Arrowstreet Capital Limited Partnership Decreases Stock Position in Curtiss-Wright Co. (NYSE:CW)

Arrowstreet Capital Limited Partnership reduced its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 90.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,368 shares of the aerospace company's stock after selling 40,989 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Curtiss-Wright were worth $1,550,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CW. Tidal Investments LLC increased its stake in Curtiss-Wright by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock worth $381,000 after purchasing an additional 29 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Curtiss-Wright by 0.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock valued at $1,178,000 after buying an additional 29 shares during the period. Harbour Investments Inc. increased its position in shares of Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock valued at $111,000 after acquiring an additional 30 shares during the period. Cornerstone Investment Partners LLC boosted its holdings in shares of Curtiss-Wright by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock worth $326,000 after purchasing an additional 32 shares during the period. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Curtiss-Wright by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company's stock valued at $275,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

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Curtiss-Wright Stock Down 0.3 %

CW traded down $1.10 during trading on Wednesday, hitting $319.75. 9,591 shares of the company's stock traded hands, compared to its average volume of 263,599. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40. The company's 50 day simple moving average is $320.92 and its two-hundred day simple moving average is $345.62. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 2.48 and a beta of 1.03.

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

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Stifel Nicolaus lowered their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday. Finally, Citigroup reduced their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $380.14.

Insider Buying and Selling at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction that occurred 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 sale, the insider now owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO K Christopher Farkas sold 2,453 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.00, for a total transaction of $851,191.00. Following the completion of the sale, the chief financial officer now owns 12,712 shares in the company, valued at approximately $4,411,064. The trade was a 16.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,797 shares of company stock valued at $7,436,255. Company insiders own 0.67% of the company's stock.

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.