Dimensional Fund Advisors LP Decreases Stake in Curtiss-Wright Co. (NYSE:CW)

Dimensional Fund Advisors LP lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 386,768 shares of the aerospace company's stock after selling 31,312 shares during the period. Dimensional Fund Advisors LP owned approximately 1.02% of Curtiss-Wright worth $137,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Atomi Financial Group Inc. acquired a new position in Curtiss-Wright during the 4th quarter worth $239,000. Truist Financial Corp grew its stake in Curtiss-Wright by 6.2% during the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after purchasing an additional 825 shares in the last quarter. Athena Investment Management acquired a new position in Curtiss-Wright during the 4th quarter worth $302,000. Daiwa Securities Group Inc. grew its stake in Curtiss-Wright by 1,694.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock worth $4,210,000 after purchasing an additional 11,202 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Curtiss-Wright by 28.9% during the 4th quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company's stock worth $54,519,000 after purchasing an additional 34,489 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of NYSE CW traded up $1.70 during trading hours on Tuesday, reaching $340.21. The stock had a trading volume of 126,315 shares, compared to its average volume of 265,995. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 2.48 and a beta of 1.03. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a fifty-two week low of $250.97 and a fifty-two week high of $393.40. The firm has a 50-day moving average of $318.77 and a 200-day moving average of $344.92.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Equities 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 disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.25%. The ex-dividend date was Thursday, March 27th. Curtiss-Wright's dividend payout ratio is presently 7.96%.

Wall Street Analyst Weigh In

Several research firms recently commented on CW. Citigroup lowered their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus lowered their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial lowered their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $377.43.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the company'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 transaction of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares of the company's stock, valued at $617,953.59. This represents a 7.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 38,905 shares of the company's stock, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,797 shares of company stock valued at $7,436,255 in the last ninety days. Insiders own 0.55% of the company's stock.

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.