Natixis Advisors LLC Lowers Position in Curtiss-Wright Co. (NYSE:CW)

Natixis Advisors LLC cut its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,917 shares of the aerospace company's stock after selling 1,022 shares during the period. Natixis Advisors LLC owned approximately 0.08% of Curtiss-Wright worth $10,617,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company's stock worth $240,606,000 after buying an additional 27,607 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock worth $118,961,000 after acquiring an additional 160,395 shares during the period. Van ECK Associates Corp grew its stake in shares of Curtiss-Wright by 31.3% in the fourth quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company's stock worth $118,203,000 after acquiring an additional 79,362 shares during the period. Franklin Resources Inc. grew its stake in shares of Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company's stock worth $115,469,000 after acquiring an additional 22,543 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Curtiss-Wright by 170.2% in the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock worth $92,065,000 after acquiring an additional 163,433 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, COO Kevin Rayment sold 2,664 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total value of $924,194.88. Following the transaction, the chief operating officer now owns 24,236 shares of the company's stock, valued at approximately $8,407,953.12. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 3,131 shares of the business'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 $1,018,858.71. Following the completion of the transaction, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. Company insiders own 0.67% of the company's stock.

Curtiss-Wright Stock Performance

NYSE CW traded down $1.84 during trading hours on Friday, hitting $325.62. 680,352 shares of the company's stock traded hands, compared to its average volume of 250,536. The business's fifty day moving average price is $337.26 and its two-hundred day moving average price is $345.53. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $12.26 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 52 week low of $246.43 and a 52 week high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) 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%. Equities research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared 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. 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 7.96%.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of research analyst reports. Citigroup initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price target for the company. Truist Financial lifted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.