Magnetar Financial LLC Sells 18,016 Shares of Curtiss-Wright Co. (NYSE:CW)

Magnetar Financial LLC lessened its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 96.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 573 shares of the aerospace company's stock after selling 18,016 shares during the period. Magnetar Financial LLC's holdings in Curtiss-Wright were worth $203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CW. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright during the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $53,000. Brooklyn Investment Group bought a new position in Curtiss-Wright during the third quarter valued at about $59,000. UMB Bank n.a. increased 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 purchasing an additional 64 shares during the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright in the third quarter valued at $69,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Activity at Curtiss-Wright

In related news, VP George P. Mcdonald sold 148 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This represents a 7.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The stock was 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 directly owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. The trade was a 10.92 % 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 valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is owned by corporate insiders.

Remove Ads

Curtiss-Wright Stock Down 1.4 %

Shares of NYSE:CW traded down $4.72 during trading on Thursday, hitting $325.22. The stock had a trading volume of 259,450 shares, compared to its average volume of 250,085. Curtiss-Wright Co. has a 12 month low of $246.43 and a 12 month high of $393.40. The company has a market capitalization of $12.25 billion, a PE ratio of 30.83, a PEG ratio of 2.48 and a beta of 1.15. 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's fifty day moving average is $335.95 and its 200 day moving average is $346.29.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 currently 7.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began 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. Citigroup assumed coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price target for the company. Finally, Truist Financial increased their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $386.86.

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.