Curtiss-Wright Co. (NYSE:CW) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,941 shares of the aerospace company's stock after selling 2,348 shares during the quarter. Corebridge Financial Inc. owned about 0.11% of Curtiss-Wright worth $15,238,000 at the end of the most recent quarter.

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

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Curtiss-Wright Stock Down 2.7 %

NYSE CW traded down $8.62 on Friday, reaching $316.74. The company had a trading volume of 258,102 shares, compared to its average volume of 261,009. The firm has a market capitalization of $11.93 billion, a PE ratio of 30.02, a P/E/G ratio of 2.48 and a beta of 1.15. The firm has a 50-day moving average of $334.14 and a 200-day moving average of $346.62. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

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

Curtiss-Wright Announces Dividend

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

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company's stock, valued at $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

CW has been the subject of several research analyst reports. Citigroup initiated coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target for the company. Truist Financial increased 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of 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 equities research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $386.86.

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.