ING Groep NV Sells 22,000 Shares of Curtiss-Wright Co. (NYSE:CW)

ING Groep NV lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 73.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,000 shares of the aerospace company's stock after selling 22,000 shares during the quarter. ING Groep NV's holdings in Curtiss-Wright were worth $2,839,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. International Assets Investment Management LLC grew its position 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 in the last quarter. Congress Asset Management Co. lifted its stake in shares of Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock worth $150,893,000 after acquiring an additional 265,205 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of Curtiss-Wright by 1,773.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company's stock valued at $62,483,000 after acquiring an additional 166,672 shares during the period. Principal Financial Group Inc. raised its holdings in Curtiss-Wright by 170.2% during the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock worth $92,065,000 after purchasing an additional 163,433 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Curtiss-Wright by 90.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock worth $118,961,000 after purchasing an additional 160,395 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

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Curtiss-Wright Stock Up 1.4 %

Shares of Curtiss-Wright stock traded up $4.34 during midday trading on Wednesday, hitting $318.75. The company's stock had a trading volume of 456,167 shares, compared to its average volume of 338,948. Curtiss-Wright Co. has a 1-year low of $234.37 and a 1-year high of $393.40. 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 market capitalization of $12.00 billion, a P/E ratio of 30.21, a PEG ratio of 2.48 and a beta of 1.19. The stock has a 50-day simple moving average of $349.93 and a 200-day simple moving average of $344.21.

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

Curtiss-Wright Dividend Announcement

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 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 0.26%. Curtiss-Wright's payout ratio is 7.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. 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 report on Monday, November 18th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price objective for the company. Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 target price on the stock. Finally, Morgan Stanley upped their target price on 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 given a buy rating to the stock. According to data from MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and an average price target of $386.86.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 8,289 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the transaction, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now directly owns 5,072 shares of the company's stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by insiders.

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.