Grove Street Fiduciary LLC Purchases New Holdings in Curtiss-Wright Co. (NYSE:CW)

Grove Street Fiduciary LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 926 shares of the aerospace company's stock, valued at approximately $329,000.

Several other hedge funds have also recently bought and sold shares of the stock. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright during the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $53,000. Brooklyn Investment Group acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $59,000. UMB Bank n.a. grew its stake in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after acquiring an additional 64 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $69,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

Curtiss-Wright stock traded down $0.07 during midday trading on Tuesday, reaching $313.85. 528,670 shares of the company's stock were exchanged, compared to its average volume of 335,689. The stock's 50-day simple moving average is $350.94 and its 200 day simple moving average is $344.05. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 2.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a 52 week low of $234.37 and a 52 week high of $393.40.

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

Curtiss-Wright Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on CW shares. Truist Financial increased their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 price objective for the company. Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 price target for the company. Finally, Stifel Nicolaus downgraded Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $386.86.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The stock was 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 $13,494,977.35. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by corporate 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.