Wellington Management Group LLP Reduces Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Wellington Management Group LLP cut its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 25.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 179,681 shares of the aerospace company's stock after selling 62,568 shares during the quarter. Wellington Management Group LLP owned 0.47% of Curtiss-Wright worth $63,763,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Atomi Financial Group Inc. bought a new position in shares of Curtiss-Wright during the fourth quarter worth approximately $239,000. Truist Financial Corp increased its stake in shares of Curtiss-Wright by 6.2% during the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after purchasing an additional 825 shares during the period. Athena Investment Management bought a new position in shares of Curtiss-Wright during the fourth quarter worth approximately $302,000. Daiwa Securities Group Inc. increased its stake in shares of Curtiss-Wright by 1,694.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock worth $4,210,000 after purchasing an additional 11,202 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company's stock worth $3,217,000 after purchasing an additional 1,754 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP George P. Mcdonald sold 148 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares of the company's stock, valued at $617,953.59. The trade was a 7.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 3,131 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares of the company's stock, valued at $13,955,858.67. This represents a 6.80 % 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 valued at $7,436,255. 0.67% of the stock is currently owned by company insiders.

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Curtiss-Wright Price Performance

Shares of NYSE CW traded down $8.97 during mid-day trading on Thursday, hitting $313.62. 27,368 shares of the stock traded hands, compared to its average volume of 263,008. The company has a market cap of $11.81 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a twelve month low of $246.43 and a twelve month high of $393.40. The firm has a 50 day simple moving average of $323.37 and a two-hundred day simple moving average of $345.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its 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 return on equity of 17.11% and a net margin of 12.98%. As a group, 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 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 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's payout ratio is presently 7.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CW shares. Truist Financial raised their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Citigroup assumed coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $386.86.

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.