ING Groep NV Has $2.84 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

ING Groep NV decreased its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 73.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the aerospace company’s stock after selling 22,000 shares during the period. ING Groep NV’s holdings in Curtiss-Wright were worth $2,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CW. Signaturefd LLC increased its holdings in Curtiss-Wright by 7.8% during the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 29 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after buying an additional 29 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Curtiss-Wright by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock worth $363,000 after buying an additional 37 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in Curtiss-Wright by 3.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after buying an additional 37 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in Curtiss-Wright by 5.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock valued at $275,000 after acquiring an additional 37 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CW. Morgan Stanley raised their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Finally, Citigroup assumed coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the transaction, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 disclosure for this sale can be found here. In the last quarter, insiders have acquired 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 Performance

Shares of CW opened at $316.15 on Friday. The company has a market cap of $11.91 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19. The firm has a 50-day moving average of $352.38 and a 200-day moving average of $343.34. Curtiss-Wright Co. has a one year low of $234.37 and a one year high of $393.40. 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) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping analysts’ consensus estimates 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 analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is presently 7.96%.

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.