851 Shares in Curtiss-Wright Co. (NYSE:CW) Acquired by Athena Investment Management

Athena Investment Management acquired a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 851 shares of the aerospace company's stock, valued at approximately $302,000.

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

Insider Activity

In other news, insider Paul J. Ferdenzi sold 1,907 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. 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 price objective 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 research note on Tuesday, November 5th. Truist Financial raised their target price 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 price target on the stock. Two research 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $386.86.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock traded down $7.82 on Monday, hitting $313.84. The stock had a trading volume of 117,205 shares, compared to its average volume of 328,880. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19. 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 Co. has a twelve month low of $236.31 and a twelve month high of $393.40. The business's 50 day moving average is $348.05 and its two-hundred day moving average is $344.65.

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

Curtiss-Wright Dividend Announcement

The firm also recently announced 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 0.27%. Curtiss-Wright's dividend payout ratio is presently 7.96%.

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.