Summit Investment Advisors Inc. Sells 1,256 Shares of Curtiss-Wright Co. (NYSE:CW)

Summit Investment Advisors Inc. trimmed its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 13.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,301 shares of the aerospace company's stock after selling 1,256 shares during the quarter. Summit Investment Advisors Inc.'s holdings in Curtiss-Wright were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of CW. Townsquare Capital LLC grew its holdings in Curtiss-Wright by 4.9% during the fourth quarter. Townsquare Capital LLC now owns 23,239 shares of the aerospace company's stock valued at $8,247,000 after purchasing an additional 1,095 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Curtiss-Wright by 557.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 86,726 shares of the aerospace company's stock valued at $30,777,000 after purchasing an additional 73,543 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Curtiss-Wright by 173.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,977 shares of the aerospace company's stock worth $1,411,000 after acquiring an additional 2,522 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Curtiss-Wright by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 16,772 shares of the aerospace company's stock valued at $5,952,000 after purchasing an additional 100 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Curtiss-Wright by 3.8% during the fourth quarter. Bessemer Group Inc. now owns 75,947 shares of the aerospace company's stock valued at $26,952,000 after acquiring an additional 2,759 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Activity at Curtiss-Wright

In other news, 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 value of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares of the company's stock, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lynn M. Bamford sold 3,131 shares of the business'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 transaction, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,797 shares of company stock valued at $7,436,255. 0.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday. Citigroup reduced their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Truist Financial lowered their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and a consensus target price of $377.43.

Curtiss-Wright Trading Down 0.5 %

Shares of CW traded down $1.47 during trading hours on Friday, reaching $318.51. The stock had a trading volume of 177,726 shares, compared to its average volume of 264,644. The company has a market cap of $11.99 billion, a P/E ratio of 30.19, a P/E/G ratio of 2.48 and a beta of 1.03. 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 firm has a 50-day moving average of $319.53 and a 200 day moving average of $345.38. Curtiss-Wright Co. has a 52 week low of $248.00 and a 52 week high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating 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 expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was 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.