Geode Capital Management LLC Buys 12,086 Shares of Curtiss-Wright Co. (NYSE:CW)

Geode Capital Management LLC boosted its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 743,934 shares of the aerospace company's stock after buying an additional 12,086 shares during the period. Geode Capital Management LLC owned approximately 1.96% of Curtiss-Wright worth $264,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CW. YANKCOM Partnership purchased a new position in shares of Curtiss-Wright during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB purchased a new position in Curtiss-Wright in the third quarter valued at about $53,000. UMB Bank n.a. increased its position in Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after purchasing an additional 64 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of Curtiss-Wright during the 3rd quarter worth about $69,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Curtiss-Wright by 85.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock valued at $82,000 after buying an additional 105 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on CW shares. Truist Financial raised their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Citigroup assumed coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average price target of $386.86.

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Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock traded down $11.57 on Thursday, reaching $311.03. The stock had a trading volume of 31,622 shares, compared to its average volume of 263,020. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The business's 50-day moving average price is $323.37 and its two-hundred day moving average price is $345.86. The stock has a market cap of $11.71 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a fifty-two week low of $246.43 and a fifty-two 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 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

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

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 622 shares of the stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 3,131 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were 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 owns 42,887 shares in the company, valued at $13,955,858.67. This represents a 6.80 % 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 worth $7,436,255 over the last three months. 0.67% of the stock is currently owned by insiders.

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.