Magnetar Financial LLC Sells 18,016 Shares of Curtiss-Wright Co. (NYSE:CW)

Magnetar Financial LLC lowered its stake in Curtiss-Wright Co. (NYSE:CW) by 96.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 573 shares of the aerospace company’s stock after selling 18,016 shares during the quarter. Magnetar Financial LLC’s holdings in Curtiss-Wright were worth $203,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. William Blair Investment Management LLC bought a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $132,626,000. TimesSquare Capital Management LLC increased its position in Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after buying an additional 166,672 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Curtiss-Wright by 170.2% during the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock valued at $92,065,000 after buying an additional 163,433 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after acquiring an additional 160,395 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in Curtiss-Wright in the 3rd quarter worth about $47,220,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Truist Financial boosted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Two investment 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Stock Down 0.6 %

CW opened at $325.62 on Monday. The firm has a market capitalization of $12.26 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a one year low of $246.43 and a one year high of $393.40. The company has a fifty day moving average price of $337.26 and a 200-day moving average price of $345.83. 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 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%. Equities research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share 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. Investors of record on Thursday, March 27th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO K Christopher Farkas sold 2,453 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total value of $851,191.00. Following the completion of the transaction, the chief financial officer now directly owns 12,712 shares in the company, valued at approximately $4,411,064. This represents a 16.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. 0.67% of the stock is currently owned by company insiders.

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.