5,516 Shares in Curtiss-Wright Co. (NYSE:CW) Bought by WCM Investment Management LLC

WCM Investment Management LLC bought a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,516 shares of the aerospace company's stock, valued at approximately $1,973,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC boosted its position in shares of Curtiss-Wright by 7.8% in the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company's stock worth $132,000 after purchasing an additional 29 shares during the period. Tidal Investments LLC boosted its position in shares of Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock worth $381,000 after purchasing an additional 29 shares during the period. CIBC Asset Management Inc boosted its position in shares of Curtiss-Wright by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company's stock worth $363,000 after purchasing an additional 37 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Curtiss-Wright by 3.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company's stock worth $382,000 after purchasing an additional 37 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its position in shares of Curtiss-Wright by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company's stock worth $275,000 after purchasing an additional 37 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CW. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target for the company. Stifel Nicolaus lowered shares of 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. Truist Financial upped their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 target price for the company. Finally, Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $386.86.

Insider Activity

In other news, VP John C. Watts sold 622 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. This represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. Insiders own 0.67% of the company's stock.

Curtiss-Wright Price Performance

CW stock traded down $14.50 during trading on Friday, hitting $323.45. 553,652 shares of the company's stock traded hands, compared to its average volume of 299,272. Curtiss-Wright Co. has a 52 week low of $230.00 and a 52 week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The business has a fifty day simple moving average of $356.53 and a 200 day simple moving average of $341.30. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 2.50 and a beta of 1.19.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. As a group, research analysts expect that Curtiss-Wright Co. will post 10.72 EPS for the current fiscal 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. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's dividend payout ratio is currently 7.96%.

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.