Cinctive Capital Management LP Makes New $6.23 Million Investment in Curtiss-Wright Co. (NYSE:CW)

Cinctive Capital Management LP bought a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,566 shares of the aerospace company's stock, valued at approximately $6,234,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. YANKCOM Partnership bought a new position in Curtiss-Wright during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright during the third quarter valued at approximately $53,000. UMB Bank n.a. lifted its stake in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after acquiring an additional 64 shares during the last quarter. Morse Asset Management Inc purchased a new position in Curtiss-Wright during the 3rd quarter valued at $69,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Curtiss-Wright in the 3rd quarter valued at $82,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CW. Truist Financial boosted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Citigroup started coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average target price of $386.86.

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Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 622 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now directly owns 5,072 shares of the company's stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the 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 transaction, the insider now directly owns 18,405 shares of the company's stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,797 shares of company stock valued at $7,436,255. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Stock Down 0.9 %

Shares of NYSE CW traded down $2.46 during midday trading on Monday, reaching $280.73. 162,911 shares of the company's stock traded hands, compared to its average volume of 306,915. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a one year low of $246.43 and a one year high of $393.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The stock's 50 day simple moving average is $327.23 and its 200-day simple moving average is $346.93.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results 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 return on equity of 17.11% and a net margin of 12.98%. On average, analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.30%. 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.