Marks Group Wealth Management Inc Cuts Stake in Curtiss-Wright Co. (NYSE:CW)

Marks Group Wealth Management Inc trimmed its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,954 shares of the aerospace company's stock after selling 1,385 shares during the quarter. Curtiss-Wright comprises 0.9% of Marks Group Wealth Management Inc's portfolio, making the stock its 22nd largest holding. Marks Group Wealth Management Inc owned about 0.07% of Curtiss-Wright worth $9,565,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter valued at $238,000. CWM LLC increased its position in Curtiss-Wright by 84.7% during the third quarter. CWM LLC now owns 1,228 shares of the aerospace company's stock worth $404,000 after buying an additional 563 shares during the last quarter. UMB Bank n.a. increased its position in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock worth $35,000 after buying an additional 79 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Curtiss-Wright by 9.0% during the third quarter. Ritholtz Wealth Management now owns 3,725 shares of the aerospace company's stock valued at $1,224,000 after acquiring an additional 308 shares during the period. Finally, Creative Planning boosted its holdings in Curtiss-Wright by 8.2% during the third quarter. Creative Planning now owns 3,005 shares of the aerospace company's stock valued at $988,000 after acquiring an additional 227 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

CW stock traded down $14.50 during mid-day trading on Friday, hitting $323.45. The stock had a trading volume of 553,652 shares, compared to its average volume of 254,030. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 52 week low of $230.00 and a 52 week high of $393.40. The firm has a market capitalization of $12.28 billion, a P/E ratio of 30.60, a P/E/G ratio of 2.50 and a beta of 1.19. The firm has a fifty day simple moving average of $356.53 and a 200 day simple moving average of $341.30.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. As a group, research analysts forecast that Curtiss-Wright Co. will post 10.72 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared 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 of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright's payout ratio is currently 7.95%.

Analysts Set New Price Targets

CW has been the subject of several research reports. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 target price for the company. Morgan Stanley raised their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. 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 target for the company. Truist Financial raised their price objective 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. Finally, Stifel Nicolaus lowered shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $386.86.

Insider Activity

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % 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, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction 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 sale, the insider now owns 18,405 shares of the company's stock, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, 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 currently owned by corporate insiders.

About Curtiss-Wright

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.