Curtiss-Wright Co. (NYSE:CW) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 3.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 75,947 shares of the aerospace company's stock after purchasing an additional 2,759 shares during the period. Bessemer Group Inc. owned approximately 0.20% of Curtiss-Wright worth $26,952,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CW. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $53,000. UMB Bank n.a. increased its position in shares of Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after purchasing an additional 64 shares during the period. Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright during the third quarter worth $69,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Curtiss-Wright by 85.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock valued at $82,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Trading Down 0.3 %

NYSE:CW traded down $1.12 during midday trading on Wednesday, reaching $319.72. 30,627 shares of the stock traded hands, compared to its average volume of 308,647. The stock has a market capitalization of $12.04 billion, a P/E ratio of 30.31, a PEG ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 12 month low of $248.00 and a 12 month high of $393.40. The company has a fifty day moving average of $320.92 and a 200 day moving average of $345.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

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

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were issued 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 dividend yield of 0.26%. Curtiss-Wright's payout ratio is presently 7.96%.

Insider Buying and Selling

In other news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the sale, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul J. Ferdenzi sold 658 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the sale, the insider now directly owns 19,239 shares in the company, valued at $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,797 shares of company stock worth $7,436,255 in the last quarter. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on CW. Truist Financial lifted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Stifel Nicolaus lowered their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday. Finally, Citigroup lowered their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus target price of $380.14.

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.