Curtiss-Wright Co. (NYSE:CW) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,500 shares of the aerospace company's stock after selling 19,162 shares during the period. Bank of New York Mellon Corp owned 1.18% of Curtiss-Wright worth $159,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in Curtiss-Wright in the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright in the third quarter valued at $53,000. UMB Bank n.a. boosted its stake in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after acquiring an additional 64 shares in the last quarter. Brooklyn Investment Group acquired a new position in Curtiss-Wright in the third quarter valued at $59,000. Finally, Morse Asset Management Inc acquired a new position in Curtiss-Wright in the third quarter valued at $69,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $322.24 on Friday. 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 company has a market cap of $12.14 billion, a P/E ratio of 30.54, a PEG ratio of 2.48 and a beta of 1.19. Curtiss-Wright Co. has a 52 week low of $234.49 and a 52 week high of $393.40. The company has a 50-day moving average price of $348.05 and a 200 day moving average price of $344.00.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.98% and a return on equity of 17.11%. Research analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the transaction, the chief executive officer now directly owns 38,905 shares of the company's stock, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John C. Watts sold 622 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CW shares. Morgan Stanley increased their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a "buy" rating and a $452.00 target price for the company. Stifel Nicolaus downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price for the company. Finally, Truist Financial increased their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $386.86.

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.

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