Curtiss-Wright Co. (NYSE:CW) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 78.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,223 shares of the aerospace company's stock after selling 104,731 shares during the quarter. Prudential Financial Inc. owned about 0.07% of Curtiss-Wright worth $10,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Tidal Investments LLC raised its holdings in shares of Curtiss-Wright by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock worth $381,000 after acquiring an additional 29 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Curtiss-Wright by 0.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after purchasing an additional 29 shares during the period. Harbour Investments Inc. boosted its holdings in Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock valued at $111,000 after purchasing an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC boosted its holdings in Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock valued at $326,000 after purchasing an additional 32 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its stake in shares of Curtiss-Wright by 5.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company's stock valued at $275,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Remove Ads

Curtiss-Wright Stock Up 1.0 %

Shares of CW stock traded up $3.38 during trading hours on Wednesday, reaching $325.84. 30,256 shares of the stock were exchanged, compared to its average volume of 307,202. The business's fifty day moving average is $331.97 and its two-hundred day moving average is $347.13. The firm has a market capitalization of $12.27 billion, a P/E ratio of 30.89, a P/E/G ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

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, research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a $0.21 dividend. The ex-dividend date 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%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup initiated coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective on the stock. Truist Financial upped their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective on the stock. Two research 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $386.86.

Insider Transactions at Curtiss-Wright

In related news, VP George P. Mcdonald sold 148 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares of the company's stock, valued at $617,953.59. This represents a 7.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Corporate insiders own 0.55% of the company's stock.

About Curtiss-Wright

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.