Lord Abbett & CO. LLC Sells 823 Shares of Curtiss-Wright Co. (NYSE:CW)

Lord Abbett & CO. LLC cut its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,142 shares of the aerospace company's stock after selling 823 shares during the period. Lord Abbett & CO. LLC owned about 0.26% of Curtiss-Wright worth $35,183,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock valued at $1,289,608,000 after acquiring an additional 15,890 shares during the period. Invesco Ltd. lifted its holdings in shares of Curtiss-Wright by 6.4% during the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock valued at $503,009,000 after acquiring an additional 84,635 shares during the period. TD Asset Management Inc. boosted its position in Curtiss-Wright by 16.2% in the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after buying an additional 107,115 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Curtiss-Wright by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after acquiring an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Curtiss-Wright by 1.2% during the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after purchasing an additional 6,971 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Trading Up 0.5 %

NYSE CW traded up $1.70 on Tuesday, reaching $340.21. The company had a trading volume of 126,315 shares, compared to its average volume of 265,895. Curtiss-Wright Co. has a fifty-two week low of $250.97 and a fifty-two week high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 2.48 and a beta of 1.03. The business has a 50 day moving average of $318.77 and a two-hundred day moving average of $344.92.

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

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Thursday, March 27th. Curtiss-Wright's dividend payout ratio is presently 7.96%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CW. Citigroup dropped their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Stifel Nicolaus lowered their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Truist Financial cut their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus target price of $377.43.

Insider Activity

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the transaction, the insider now owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 21,797 shares of company stock valued at $7,436,255 in the last ninety days. 0.55% 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.