Price T Rowe Associates Inc. MD Sells 117,495 Shares of Curtiss-Wright Co. (NYSE:CW)

Price T Rowe Associates Inc. MD lessened its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 27.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 307,040 shares of the aerospace company's stock after selling 117,495 shares during the period. Price T Rowe Associates Inc. MD owned 0.81% of Curtiss-Wright worth $108,960,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. YANKCOM Partnership bought a new position in Curtiss-Wright during the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Curtiss-Wright during the 3rd quarter valued at about $53,000. UMB Bank n.a. lifted its holdings in shares of Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after acquiring an additional 64 shares during the last quarter. Morse Asset Management Inc purchased a new position in Curtiss-Wright in the third quarter worth about $69,000. Finally, Altshuler Shaham Ltd bought a new stake in Curtiss-Wright during the fourth quarter worth approximately $70,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CW. Citigroup lowered their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Truist Financial lowered their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus cut their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $377.43.

Curtiss-Wright Price Performance

CW opened at $339.01 on Monday. The business has a fifty day moving average of $318.71 and a 200 day moving average of $344.98. The stock has a market cap of $12.77 billion, a P/E ratio of 32.13, a PEG ratio of 2.48 and a beta of 1.03. 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 52-week low of $250.97 and a 52-week high of $393.40.

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

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Insider Activity

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the business's stock in a transaction dated 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 approximately $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,797 shares of company stock valued at $7,436,255. Corporate insiders own 0.55% of the company's stock.

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.

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