CIBC Private Wealth Group LLC raised its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 4,036.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,593 shares of the aerospace company's stock after purchasing an additional 43,515 shares during the period. CIBC Private Wealth Group LLC owned 0.12% of Curtiss-Wright worth $15,693,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in shares of Curtiss-Wright in the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright in the 3rd quarter worth $53,000. UMB Bank n.a. raised 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 buying an additional 64 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $69,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $82,000. Institutional investors and hedge funds own 82.71% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on CW shares. Truist Financial increased their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Citigroup started coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $386.86.
Get Our Latest Report on Curtiss-Wright
Insiders Place Their Bets
In related news, CFO K Christopher Farkas sold 2,453 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.00, for a total value of $851,191.00. Following the completion of the sale, the chief financial officer now directly owns 12,712 shares in the company, valued at $4,411,064. The trade was a 16.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 622 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Company insiders own 0.55% of the company's stock.
Curtiss-Wright Trading Down 6.4 %
NYSE:CW traded down $19.28 on Friday, reaching $283.63. The company's stock had a trading volume of 325,522 shares, compared to its average volume of 260,805. The business's 50-day moving average price is $327.23 and its two-hundred day moving average price is $346.69. 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 quick ratio of 1.19 and a current ratio of 1.69. The firm has a market cap of $10.68 billion, a PE ratio of 26.88, a PEG ratio of 2.48 and a beta of 1.15.
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, topping 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%. Equities research analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share 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. 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 0.30%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio is 7.96%.
Curtiss-Wright Profile
(
Free Report)
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.
Further Reading
Before you consider Curtiss-Wright, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Curtiss-Wright wasn't on the list.
While Curtiss-Wright currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
