New Age Alpha Advisors LLC Makes New $9.81 Million Investment in Curtiss-Wright Co. (NYSE:CW)

New Age Alpha Advisors LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 27,656 shares of the aerospace company's stock, valued at approximately $9,814,000. New Age Alpha Advisors LLC owned approximately 0.07% of Curtiss-Wright as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in Curtiss-Wright in the 4th quarter valued at $201,856,000. William Blair Investment Management LLC acquired a new position in Curtiss-Wright in the 4th quarter valued at about $132,626,000. TimesSquare Capital Management LLC grew its stake in shares of Curtiss-Wright by 1,773.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company's stock valued at $62,483,000 after buying an additional 166,672 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Curtiss-Wright by 170.2% during the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock worth $92,065,000 after buying an additional 163,433 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock valued at $118,961,000 after buying an additional 160,395 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the sale, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the transaction, the insider now directly owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CW shares. Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 price objective for the company. Finally, Truist Financial increased their target price 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $386.86.

Curtiss-Wright Stock Performance

Shares of NYSE:CW traded up $4.58 on Tuesday, reaching $321.85. The company's stock had a trading volume of 42,555 shares, compared to its average volume of 260,315. Curtiss-Wright Co. has a 52-week low of $246.43 and a 52-week high of $393.40. The stock's 50-day moving average is $333.15 and its two-hundred day moving average is $347.04. 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 stock has a market capitalization of $12.12 billion, a P/E ratio of 30.62, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 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%. As a group, sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

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 given a dividend of $0.21 per share. 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 7.96%.

Curtiss-Wright Company 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.