Curtiss-Wright Co. (NYSE:CW) Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC lessened its stake in Curtiss-Wright Co. (NYSE:CW) by 64.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,800 shares of the aerospace company’s stock after selling 5,000 shares during the period. Polaris Capital Management LLC’s holdings in Curtiss-Wright were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after buying an additional 403,701 shares during the period. Congress Asset Management Co. boosted its stake in shares of Curtiss-Wright by 136.8% during the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after buying an additional 265,205 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Curtiss-Wright during the third quarter worth about $47,220,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Curtiss-Wright by 91.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock worth $58,543,000 after buying an additional 85,013 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Curtiss-Wright by 29.0% during the third quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock worth $88,847,000 after buying an additional 56,966 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares in the company, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on 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 transaction, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Stock Down 0.5 %

Shares of NYSE CW opened at $353.10 on Tuesday. Curtiss-Wright Co. has a 1 year low of $225.33 and a 1 year high of $393.40. The firm’s 50 day moving average price is $359.60 and its 200 day moving average price is $340.53. The firm has a market cap of $13.40 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CW shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Citigroup assumed coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Morgan Stanley increased their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial increased their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

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.