Daiwa Securities Group Inc. Raises Holdings in Curtiss-Wright Co. (NYSE:CW)

Daiwa Securities Group Inc. grew its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 1,694.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,863 shares of the aerospace company's stock after purchasing an additional 11,202 shares during the period. Daiwa Securities Group Inc.'s holdings in Curtiss-Wright were worth $4,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. YANKCOM Partnership purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Curtiss-Wright in the 3rd quarter worth $53,000. Brooklyn Investment Group acquired a new position in Curtiss-Wright during the third quarter worth $59,000. UMB Bank n.a. raised its position in Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after acquiring an additional 64 shares during the period. Finally, Morse Asset Management Inc purchased a new position in Curtiss-Wright during the third quarter valued at $69,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup began coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target for the company. Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target on the stock. Finally, Truist Financial increased their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $386.86.

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Curtiss-Wright Price Performance

Shares of NYSE:CW traded down $0.07 during midday trading on Thursday, hitting $314.08. The company had a trading volume of 188,862 shares, compared to its average volume of 250,794. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The business's 50-day simple moving average is $340.85 and its 200-day simple moving average is $344.95. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a twelve month low of $238.81 and a twelve month high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, research analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. Curtiss-Wright's dividend payout ratio is currently 7.96%.

Insider Activity

In related news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the company's stock in a transaction 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 transaction, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 116 shares of company stock valued at $35,278 and have sold 15,935 shares valued at $5,528,147. Corporate insiders own 0.67% of the company's stock.

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.