Wellington Shields Capital Management LLC Acquires Shares of 3,550 Curtiss-Wright Co. (NYSE:CW)

Wellington Shields Capital Management LLC bought a new stake in Curtiss-Wright Co. (NYSE:CW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,550 shares of the aerospace company's stock, valued at approximately $1,260,000.

Several other institutional investors have also recently bought and sold shares of CW. Commonwealth Equity Services LLC raised its stake in shares of Curtiss-Wright by 37.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,851 shares of the aerospace company's stock worth $7,754,000 after purchasing an additional 5,976 shares in the last quarter. Swiss National Bank increased its holdings in shares of Curtiss-Wright by 0.7% during the 4th quarter. Swiss National Bank now owns 75,300 shares of the aerospace company's stock worth $26,722,000 after acquiring an additional 500 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Curtiss-Wright by 40.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,882 shares of the aerospace company's stock worth $668,000 after acquiring an additional 541 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $520,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Curtiss-Wright by 129.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,739 shares of the aerospace company's stock worth $617,000 after acquiring an additional 982 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW stock traded down $5.08 on Tuesday, hitting $323.81. 324,932 shares of the company's stock were exchanged, compared to its average volume of 250,042. 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 Co. has a 12 month low of $241.44 and a 12 month high of $393.40. The stock has a market cap of $12.19 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a 50 day moving average of $339.13 and a 200 day moving average of $345.33.

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Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results 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 return on equity of 17.11% and a net margin of 12.98%. On average, equities research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared 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 0.26%. Curtiss-Wright's payout ratio is 7.96%.

Insider Activity

In related news, VP John C. Watts sold 622 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now directly owns 18,405 shares of the company's stock, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 116 shares of company stock valued at $35,278 and sold 15,935 shares valued at $5,528,147. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CW. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a "buy" rating and a $452.00 target price on the stock. Truist Financial upped their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Finally, Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $386.86.

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.