Pinnbrook Capital Management LP Has $3.30 Million Stake in Curtiss-Wright Co. (NYSE:CW)

Pinnbrook Capital Management LP trimmed its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 39.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,293 shares of the aerospace company's stock after selling 6,093 shares during the quarter. Pinnbrook Capital Management LP's holdings in Curtiss-Wright were worth $3,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CW. International Assets Investment Management LLC boosted its stake in Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock valued at $133,102,000 after purchasing an additional 403,701 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock valued at $150,893,000 after buying an additional 265,205 shares during the period. Principal Financial Group Inc. boosted its stake in Curtiss-Wright by 170.2% during the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock valued at $92,065,000 after buying an additional 163,433 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Curtiss-Wright by 90.1% during 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. Finally, World Investment Advisors LLC bought a new stake in Curtiss-Wright in the third quarter worth about $47,220,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CW. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 price objective for the company. Morgan Stanley raised their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Truist Financial upped their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. Finally, Alembic Global Advisors started coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $386.86.

Curtiss-Wright Stock Down 4.3 %

Shares of CW traded down $14.25 during mid-day trading on Friday, reaching $316.15. The company's stock had a trading volume of 415,895 shares, compared to its average volume of 313,894. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19. The business has a fifty day moving average of $352.38 and a 200 day moving average of $342.82. 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 Co. has a 1 year low of $234.37 and a 1 year high of $393.40.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. As a group, analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.27%. Curtiss-Wright's payout ratio is 7.96%.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 8,289 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 38,905 shares of the company's stock, valued at $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 is available at this hyperlink. Also, VP John C. Watts sold 622 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 quarter, insiders purchased 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Insiders own 0.67% of the company's stock.

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.