Renaissance Technologies LLC raised its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,900 shares of the aerospace company's stock after purchasing an additional 5,300 shares during the quarter. Renaissance Technologies LLC owned 0.09% of Curtiss-Wright worth $12,385,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of CW. Morse Asset Management Inc acquired a new position in Curtiss-Wright in the 3rd quarter valued at approximately $69,000. Toronto Dominion Bank purchased a new stake in shares of Curtiss-Wright during the third quarter worth $149,000. Sanctuary Advisors LLC grew its stake in Curtiss-Wright by 91.7% in the third quarter. Sanctuary Advisors LLC now owns 1,794 shares of the aerospace company's stock valued at $590,000 after purchasing an additional 858 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Curtiss-Wright during the 3rd quarter worth about $47,220,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 82.71% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on CW. Truist Financial lowered their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday. Stifel Nicolaus reduced their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday. Finally, Citigroup reduced their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $377.43.
View Our Latest Report on Curtiss-Wright
Insider Transactions at Curtiss-Wright
In related news, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,797 shares of company stock valued at $7,436,255 over the last quarter. Corporate insiders own 0.55% of the company's stock.
Curtiss-Wright Trading Down 0.5 %
NYSE CW traded down $1.47 on Friday, reaching $318.51. The company had a trading volume of 177,726 shares, compared to its average volume of 264,979. Curtiss-Wright Co. has a 52 week low of $248.71 and a 52 week high of $393.40. The stock's 50 day moving average is $318.90 and its 200-day moving average is $345.25. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.48 and a beta of 1.03.
Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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%. Equities analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.
Curtiss-Wright Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright's payout ratio is 7.96%.
Curtiss-Wright Company Profile
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Free Report)
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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