Sumitomo Mitsui Trust Group Inc. Has $64.68 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,252 shares of the aerospace company's stock after selling 76,699 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.48% of Curtiss-Wright worth $64,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $31,000. Tsfg LLC grew its holdings in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after buying an additional 67 shares during the last quarter. UMB Bank n.a. grew its holdings in Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock valued at $35,000 after buying an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright in the third quarter worth $53,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Curtiss-Wright in the third quarter worth $59,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup initiated coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price objective on the stock. Truist Financial lifted their target price 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. Morgan Stanley lifted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Stifel Nicolaus downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. Finally, Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $386.86.

Insider Activity at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,453 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total transaction of $851,191.00. Following the transaction, the chief financial officer now owns 12,712 shares in the company, valued at approximately $4,411,064. The trade was a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the transaction, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Stock Performance

NYSE:CW traded down $4.36 during mid-day trading on Thursday, hitting $337.58. 516,202 shares of the stock were exchanged, compared to its average volume of 290,500. The firm's 50-day simple moving average is $357.59 and its 200 day simple moving average is $341.00. The stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. Curtiss-Wright Co. has a fifty-two week low of $226.67 and a fifty-two week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. As a group, equities analysts anticipate that Curtiss-Wright Co. will post 10.72 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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 paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.25%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.95%.

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.