Modern Wealth Management LLC acquired a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 846 shares of the aerospace company's stock, valued at approximately $299,000.
A number of other hedge funds have also made changes to their positions in CW. YANKCOM Partnership acquired a new position in Curtiss-Wright during the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $53,000. Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $59,000. UMB Bank n.a. increased its holdings in shares of Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $69,000. Institutional investors and hedge funds own 82.71% of the company's stock.
Analysts Set New Price Targets
Several brokerages have issued reports on CW. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 target price 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 research report on Tuesday, January 14th. Finally, Citigroup assumed coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average price target of $386.86.
Get Our Latest Stock Analysis on Curtiss-Wright
Insiders Place Their Bets
In other news, VP George P. Mcdonald sold 148 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction 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 represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now owns 19,239 shares of the company's stock, valued at approximately $6,265,757.52. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. Insiders own 0.67% of the company's stock.
Curtiss-Wright Trading Up 1.7 %
Shares of CW traded up $5.48 during trading on Tuesday, reaching $322.75. 192,808 shares of the company traded hands, compared to its average volume of 260,655. The stock has a 50-day simple moving average of $331.97 and a 200-day simple moving average of $347.13. The stock has a market cap of $12.15 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a twelve month low of $246.43 and a twelve month 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.
Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results 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%. On average, analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.
Curtiss-Wright Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio is currently 7.96%.
About Curtiss-Wright
(
Free Report)
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.
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