Bahl & Gaynor Inc. Reduces Stock Position in Curtiss-Wright Co. (NYSE:CW)

Bahl & Gaynor Inc. decreased its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,642 shares of the aerospace company's stock after selling 7,209 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.07% of Curtiss-Wright worth $9,100,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CW. Geode Capital Management LLC raised its stake in shares of Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company's stock worth $240,606,000 after buying an additional 27,607 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock worth $118,961,000 after buying an additional 160,395 shares during the period. Van ECK Associates Corp raised its stake in shares of Curtiss-Wright by 31.3% in the fourth quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company's stock worth $118,203,000 after buying an additional 79,362 shares during the period. Franklin Resources Inc. raised its stake in shares of Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company's stock worth $115,469,000 after buying an additional 22,543 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Curtiss-Wright by 170.2% in the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock worth $92,065,000 after buying an additional 163,433 shares during the period. Institutional investors own 82.71% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently commented on CW shares. Stifel Nicolaus downgraded Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. Truist Financial raised their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Citigroup assumed coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a "buy" rating and a $452.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus target price of $386.86.

Curtiss-Wright Price Performance

CW traded up $0.80 on Friday, hitting $314.45. 255,613 shares of the company's stock traded hands, compared to its average volume of 330,250. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 2.48 and a beta of 1.15. The company's 50 day simple moving average is $344.51 and its 200-day simple moving average is $344.45. 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 Co. has a one year low of $236.31 and a one year high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating 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%. As a group, research analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's dividend payout ratio is presently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other 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 value of $661,690.86. Following the completion of the transaction, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. The trade was 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 the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value 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 bought 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by company insiders.

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.