Curtiss-Wright Co. (NYSE:CW) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 193.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,097 shares of the aerospace company's stock after purchasing an additional 2,041 shares during the quarter. Tower Research Capital LLC TRC's holdings in Curtiss-Wright were worth $1,099,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright in the third quarter valued at about $53,000. UMB Bank n.a. raised its stake in shares of Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after purchasing an additional 64 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright during the third quarter worth about $69,000. Finally, Altshuler Shaham Ltd purchased a new stake in Curtiss-Wright in the fourth quarter valued at approximately $70,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP John C. Watts sold 622 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at $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 three months, insiders have sold 21,797 shares of company stock worth $7,436,255. Insiders own 0.55% of the company's stock.

Curtiss-Wright Price Performance

CW traded up $0.14 during trading on Monday, hitting $338.42. The company's stock had a trading volume of 136,967 shares, compared to its average volume of 266,554. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a twelve month low of $250.97 and a twelve month high of $393.40. The business's fifty day simple moving average is $318.71 and its 200 day simple moving average is $344.98. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate 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, equities research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on CW. Stifel Nicolaus decreased their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Truist Financial decreased their target price on shares of 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, Citigroup cut their price target on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $377.43.

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.