Thrivent Financial for Lutherans lifted its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 41.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,086 shares of the aerospace company's stock after purchasing an additional 6,477 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Curtiss-Wright worth $7,837,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. YANKCOM Partnership purchased a new position in Curtiss-Wright during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $53,000. Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $59,000. UMB Bank n.a. lifted its stake in Curtiss-Wright by 61.0% in the 4th 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 in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in Curtiss-Wright during the 3rd quarter valued at $69,000. Hedge funds and other institutional investors own 82.71% of the company's stock.
Insider Buying and Selling
In related news, insider Paul J. Ferdenzi sold 658 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the sale, the insider now directly owns 19,239 shares in the company, valued at approximately $6,265,757.52. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 3,131 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 owns 42,887 shares of the company's stock, valued at approximately $13,955,858.67. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Corporate insiders own 0.67% of the company's stock.
Curtiss-Wright Trading Down 1.4 %
Shares of CW traded down $4.72 during mid-day trading on Thursday, reaching $325.22. The company had a trading volume of 259,450 shares, compared to its average volume of 250,085. Curtiss-Wright Co. has a fifty-two week low of $246.43 and a fifty-two week high of $393.40. The firm has a fifty day simple moving average of $335.95 and a 200-day simple moving average of $346.29. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.
Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate 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 anticipate 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. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's payout ratio is currently 7.96%.
Wall Street Analyst Weigh In
CW has been the subject of a number of analyst reports. Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a "buy" rating and a $452.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $386.86.
Check Out Our Latest Analysis on Curtiss-Wright
Curtiss-Wright Company 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.
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