Fiera Capital Corp cut its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,387 shares of the aerospace company's stock after selling 3,605 shares during the quarter. Fiera Capital Corp owned approximately 0.42% of Curtiss-Wright worth $56,207,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in Curtiss-Wright by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company's stock valued at $240,606,000 after buying an additional 27,607 shares during the last quarter. Congress Asset Management Co. grew its stake in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock valued at $150,893,000 after buying an additional 265,205 shares during the last quarter. International Assets Investment Management LLC grew its stake in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock valued at $133,102,000 after buying an additional 403,701 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Curtiss-Wright by 90.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock valued at $118,961,000 after buying an additional 160,395 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Curtiss-Wright by 31.3% in the 4th quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company's stock valued at $118,203,000 after buying an additional 79,362 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Curtiss-Wright news, 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 completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction 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. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by insiders.
Curtiss-Wright Price Performance
Shares of Curtiss-Wright stock traded down $14.50 during trading on Friday, hitting $323.45. 553,652 shares of the company's stock traded hands, compared to its average volume of 254,030. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The firm's fifty day moving average price is $356.53 and its 200 day moving average price is $341.69. Curtiss-Wright Co. has a twelve month low of $230.00 and a twelve month high of $393.40. The company has a market cap of $12.28 billion, a PE ratio of 30.60, a PEG ratio of 2.50 and a beta of 1.19.
Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts' consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. Analysts forecast that Curtiss-Wright Co. will post 10.72 earnings per share for the current year.
Curtiss-Wright Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given 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 0.26%. Curtiss-Wright's payout ratio is 7.95%.
Wall Street Analysts Forecast Growth
CW has been the subject of a number of research reports. Truist Financial increased their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Stifel Nicolaus downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Citigroup initiated coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target for the company. Finally, Morgan Stanley increased their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $386.86.
Read Our Latest Stock Report on CW
Curtiss-Wright Company Profile
(
Free Report)
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.
See Also
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