Pinnbrook Capital Management LP Has $3.30 Million Stake in Curtiss-Wright Co. (NYSE:CW)

Pinnbrook Capital Management LP trimmed its position in Curtiss-Wright Co. (NYSE:CW) by 39.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 9,293 shares of the aerospace company’s stock after selling 6,093 shares during the period. Pinnbrook Capital Management LP’s holdings in Curtiss-Wright were worth $3,298,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. YANKCOM Partnership bought a new position in Curtiss-Wright during the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright during the third quarter worth about $53,000. Brooklyn Investment Group bought a new position in Curtiss-Wright during the third quarter worth about $59,000. UMB Bank n.a. lifted its holdings in Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 64 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in Curtiss-Wright during the third quarter worth about $69,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $323.45 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $230.00 and a twelve month high of $393.40. The stock’s 50 day moving average is $355.67 and its 200-day moving average is $342.25. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.50 and a beta of 1.19.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. Sell-side analysts forecast that Curtiss-Wright Co. will post 10.72 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

Analyst Ratings Changes

A number of research firms recently issued reports on CW. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research report on Monday, November 18th. Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial lifted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Finally, Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price for the company. Two 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, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average price target of $386.86.

Insider Activity

In other Curtiss-Wright news, COO Kevin Rayment sold 2,664 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.92, for a total transaction of $924,194.88. Following the completion of the sale, the chief operating officer now owns 24,236 shares of the company’s stock, valued at approximately $8,407,953.12. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now owns 28,688 shares in the company, valued at $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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.

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.