Rhumbline Advisers Sells 3,520 Shares of Curtiss-Wright Co. (NYSE:CW)

Rhumbline Advisers decreased its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 109,401 shares of the aerospace company's stock after selling 3,520 shares during the period. Rhumbline Advisers owned 0.29% of Curtiss-Wright worth $38,823,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. bought a new stake in Curtiss-Wright during the 4th quarter valued at approximately $239,000. Oppenheimer & Co. Inc. bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $542,000. Fisher Asset Management LLC lifted its position in shares of Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company's stock worth $23,158,000 after acquiring an additional 5,437 shares during the period. MML Investors Services LLC lifted its position in shares of Curtiss-Wright by 21.8% in the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company's stock worth $3,217,000 after acquiring an additional 1,754 shares during the period. Finally, Merit Financial Group LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $210,000. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

CW stock traded down $14.25 during midday trading on Friday, reaching $316.15. 415,895 shares of the company's stock traded hands, compared to its average volume of 313,894. The company has a 50-day simple moving average of $352.38 and a two-hundred day simple moving average of $342.82. Curtiss-Wright Co. has a 1-year low of $234.37 and a 1-year high of $393.40. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 2.29 and a beta of 1.19. 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 (NYSE:CW - Get Free Report) last released 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 return on equity of 17.11% and a net margin of 12.98%. On average, analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.96%.

Wall Street Analyst Weigh In

A number of analysts have commented on CW shares. Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective for the company. Morgan Stanley raised their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Alembic Global Advisors started coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective for the company. Finally, Stifel Nicolaus downgraded Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price for the company. in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $386.86.

Insider Activity

In related news, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The stock was 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 directly owns 18,405 shares of the company's stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the sale, the chief executive officer now directly owns 38,905 shares of the company's stock, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. Insiders own 0.67% 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.