Curi RMB Capital LLC Sells 20,139 Shares of Curtiss-Wright Co. (NYSE:CW)

Curi RMB Capital LLC decreased its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,266 shares of the aerospace company's stock after selling 20,139 shares during the period. Curi RMB Capital LLC owned 0.24% of Curtiss-Wright worth $31,678,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CW. YANKCOM Partnership purchased a new position in Curtiss-Wright during the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $53,000. UMB Bank n.a. boosted 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 worth $60,000 after buying an additional 64 shares during the period. Morse Asset Management Inc bought a new position in Curtiss-Wright in the 3rd quarter valued at about $69,000. Finally, Altshuler Shaham Ltd bought a new stake in Curtiss-Wright in the fourth quarter worth about $70,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Paul J. Ferdenzi sold 1,907 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 18,405 shares in the company, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the sale, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,797 shares of company stock worth $7,436,255. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Performance

CW stock traded up $6.24 during mid-day trading on Thursday, reaching $333.53. 60,292 shares of the stock traded hands, compared to its average volume of 265,456. Curtiss-Wright Co. has a 52 week low of $249.14 and a 52 week 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 firm has a market capitalization of $12.56 billion, a PE ratio of 31.60, a P/E/G ratio of 2.48 and a beta of 1.03. The business has a 50-day moving average of $318.19 and a two-hundred day moving average of $344.93.

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

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. Curtiss-Wright's dividend payout ratio is currently 7.96%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Stifel Nicolaus lowered their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Truist Financial cut their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $377.43.

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.