Burney Co. Lowers Position in Curtiss-Wright Co. (NYSE:CW)

Burney Co. decreased its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,040 shares of the aerospace company's stock after selling 889 shares during the period. Burney Co. owned about 0.07% of Curtiss-Wright worth $9,951,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its holdings in Curtiss-Wright by 3.5% in the 2nd quarter. Private Advisor Group LLC now owns 2,185 shares of the aerospace company's stock valued at $592,000 after buying an additional 73 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Curtiss-Wright during the second quarter valued at $73,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Curtiss-Wright by 9.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,893 shares of the aerospace company's stock worth $515,000 after purchasing an additional 161 shares during the period. Meeder Advisory Services Inc. bought a new stake in shares of Curtiss-Wright in the second quarter worth $222,000. Finally, Federated Hermes Inc. grew its stake in shares of Curtiss-Wright by 37.5% in the second quarter. Federated Hermes Inc. now owns 5,659 shares of the aerospace company's stock worth $1,533,000 after purchasing an additional 1,544 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Trading Up 0.6 %

CW traded up $2.24 during trading on Wednesday, hitting $361.83. The company's stock had a trading volume of 266,783 shares, compared to its average volume of 282,498. The firm has a market capitalization of $13.73 billion, a P/E ratio of 34.23, a PEG ratio of 2.92 and a beta of 1.18. Curtiss-Wright Co. has a twelve month low of $217.57 and a twelve month high of $393.40. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average price is $364.84 and its 200-day moving average price is $329.75.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright's dividend payout ratio is presently 7.95%.

Analyst Upgrades and Downgrades

CW has been the topic of several recent research reports. StockNews.com downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Morgan Stanley lifted their price objective on 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 Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 target price on the stock. Truist Financial boosted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday. Finally, Stifel Nicolaus lowered shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $383.00.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John C. Watts sold 412 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now owns 4,183 shares of the company's stock, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 116 shares of company stock valued at $35,278 over the last ninety days. 0.67% of the stock is owned by corporate insiders.

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.