Inceptionr LLC Sells 2,059 Shares of Curtiss-Wright Co. (NYSE:CW)

Inceptionr LLC cut its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 51.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,961 shares of the aerospace company's stock after selling 2,059 shares during the quarter. Inceptionr LLC's holdings in Curtiss-Wright were worth $696,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth approximately $31,497,000. Arizona State Retirement System raised its position in Curtiss-Wright by 0.8% during the fourth quarter. Arizona State Retirement System now owns 11,115 shares of the aerospace company's stock valued at $3,944,000 after acquiring an additional 86 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $15,637,000. Atria Investments Inc lifted its stake in Curtiss-Wright by 20.9% in the fourth quarter. Atria Investments Inc now owns 4,524 shares of the aerospace company's stock valued at $1,605,000 after acquiring an additional 781 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Curtiss-Wright by 16.3% in the fourth quarter. Assetmark Inc. now owns 6,779 shares of the aerospace company's stock valued at $2,406,000 after acquiring an additional 950 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Stifel Nicolaus cut shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective for the company. Finally, Truist Financial boosted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $386.86.

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Curtiss-Wright Stock Performance

CW stock traded up $0.80 on Friday, reaching $314.45. 255,613 shares of the company were exchanged, compared to its average volume of 330,250. Curtiss-Wright Co. has a 12 month low of $236.31 and a 12 month high of $393.40. The stock's fifty day moving average price is $343.61 and its 200 day moving average price is $344.85. The firm has a market capitalization of $11.84 billion, a PE ratio of 29.81, a PEG ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

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, 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, research analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Insider Buying and Selling

In related news, VP John C. Watts sold 622 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the transaction, the chief executive officer now directly owns 28,688 shares of the company's stock, valued at $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.67% of the stock is 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.