AlphaQuest LLC Sells 8,968 Shares of Curtiss-Wright Co. (NYSE:CW)

AlphaQuest LLC cut its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 98.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100 shares of the aerospace company's stock after selling 8,968 shares during the period. AlphaQuest LLC's holdings in Curtiss-Wright were worth $35,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atomi Financial Group Inc. purchased a new stake in Curtiss-Wright in the fourth quarter worth $239,000. Truist Financial Corp grew its position in shares of Curtiss-Wright by 6.2% in the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after buying an additional 825 shares during the period. Athena Investment Management bought a new position in shares of Curtiss-Wright in the 4th quarter worth about $302,000. Fisher Asset Management LLC lifted its position in Curtiss-Wright by 8.4% during the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company's stock valued at $23,158,000 after acquiring an additional 5,437 shares during the period. Finally, MML Investors Services LLC boosted its stake in Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company's stock worth $3,217,000 after acquiring an additional 1,754 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price target on the stock. Truist Financial raised their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Curtiss-Wright has a consensus rating of "Moderate Buy" and a consensus target price of $386.86.

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Insider Activity at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 2,453 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 of the company's stock, valued at approximately $4,411,064. This represents a 16.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety 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 currently owned by company insiders.

Curtiss-Wright Stock Performance

CW stock traded up $3.45 on Tuesday, hitting $339.69. The company had a trading volume of 177,418 shares, compared to its average volume of 250,210. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 32.20, a P/E/G 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. The stock's 50-day simple moving average is $336.99 and its 200 day simple moving average is $346.08. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40.

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

Curtiss-Wright Announces Dividend

The firm also recently disclosed 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 dividend yield of 0.25%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's payout ratio is 7.96%.

Curtiss-Wright 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.