Sei Investments Co. Trims Stock Position in Curtiss-Wright Co. (NYSE:CW)

Sei Investments Co. cut its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,028 shares of the aerospace company's stock after selling 1,969 shares during the quarter. Sei Investments Co. owned about 0.22% of Curtiss-Wright worth $29,819,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. YANKCOM Partnership purchased a new position in Curtiss-Wright in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Curtiss-Wright in the third quarter valued at about $53,000. UMB Bank n.a. increased its stake in shares of Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after acquiring an additional 64 shares during the period. Brooklyn Investment Group purchased a new position in Curtiss-Wright during the third quarter worth about $59,000. Finally, Morse Asset Management Inc acquired a new stake in Curtiss-Wright in the third quarter valued at about $69,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded down $8.62 during midday trading on Friday, hitting $316.74. 258,102 shares of the stock were exchanged, compared to its average volume of 261,009. Curtiss-Wright Co. has a twelve month low of $246.43 and a twelve month high of $393.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $334.14 and a 200-day moving average price of $346.62. The stock has a market cap of $11.93 billion, a P/E ratio of 30.02, a PEG ratio of 2.48 and a beta of 1.15.

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Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

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 issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Analyst Upgrades and Downgrades

CW has been the subject of a number of analyst reports. Citigroup started coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price for the company. Truist Financial increased their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $386.86.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the sale, the insider now owns 19,239 shares of the company's stock, valued at approximately $6,265,757.52. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by company insiders.

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.