Curtiss-Wright Co. (NYSE:CW) Stock Position Lowered by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,842 shares of the aerospace company's stock after selling 14,400 shares during the period. First Eagle Investment Management LLC owned approximately 0.08% of Curtiss-Wright worth $10,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atomi Financial Group Inc. purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth about $239,000. Truist Financial Corp boosted its holdings in Curtiss-Wright by 6.2% in the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock valued at $5,050,000 after purchasing an additional 825 shares during the last quarter. Athena Investment Management purchased a new position in Curtiss-Wright in the fourth quarter valued at about $302,000. Oppenheimer & Co. Inc. purchased a new position in Curtiss-Wright in the third quarter valued at about $542,000. Finally, Fisher Asset Management LLC boosted its holdings in Curtiss-Wright by 8.4% in the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company's stock valued at $23,158,000 after purchasing an additional 5,437 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

NYSE:CW traded up $7.09 during trading hours on Wednesday, reaching $331.30. 224,547 shares of the stock were exchanged, compared to its average volume of 250,198. 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 simple moving average of $338.64 and a 200-day simple moving average of $345.39. Curtiss-Wright Co. has a 52 week low of $241.44 and a 52 week high of $393.40. The stock has a market capitalization of $12.48 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.48 and a beta of 1.15.

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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, topping 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%. As a group, sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is 7.96%.

Analyst Ratings Changes

A number of brokerages recently commented on CW. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target for the company. Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price target for the company. Finally, Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $386.86.

Insider Buying and Selling

In related news, VP George P. Mcdonald sold 148 shares of the firm'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 $48,160.68. Following the sale, the vice president now owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This trade represents a 7.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction 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 sale, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Company 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.