Curtiss-Wright Co. (NYSE:CW) Stake Lifted by Trexquant Investment LP

Trexquant Investment LP boosted its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 9.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,890 shares of the aerospace company's stock after buying an additional 3,539 shares during the quarter. Trexquant Investment LP owned approximately 0.11% of Curtiss-Wright worth $14,866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CW. FMR LLC raised its position in Curtiss-Wright by 27.7% in the 3rd quarter. FMR LLC now owns 160,065 shares of the aerospace company's stock worth $52,612,000 after buying an additional 34,706 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Curtiss-Wright by 9.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,266 shares of the aerospace company's stock valued at $39,530,000 after acquiring an additional 10,385 shares during the period. Walleye Capital LLC purchased a new position in shares of Curtiss-Wright during the third quarter valued at approximately $275,000. Rockefeller Capital Management L.P. boosted its holdings in Curtiss-Wright by 5.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 13,183 shares of the aerospace company's stock valued at $4,333,000 after acquiring an additional 735 shares during the period. Finally, Benjamin Edwards Inc. grew its position in Curtiss-Wright by 33.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,192 shares of the aerospace company's stock valued at $721,000 after acquiring an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

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Curtiss-Wright Trading Down 6.4 %

CW stock traded down $19.28 during midday trading on Friday, hitting $283.63. 325,522 shares of the company's stock were exchanged, compared to its average volume of 260,805. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $10.68 billion, a PE ratio of 26.88, a P/E/G ratio of 2.48 and a beta of 1.15. The business has a 50-day simple moving average of $327.23 and a two-hundred day simple moving average of $346.69. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 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, sell-side analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Insider Buying and Selling

In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,453 shares of Curtiss-Wright stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the transaction, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. This represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. 0.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CW. Truist Financial upped 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. Citigroup initiated coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.