TD Private Client Wealth LLC Decreases Holdings in Curtiss-Wright Co. (NYSE:CW)

TD Private Client Wealth LLC reduced its position in Curtiss-Wright Co. (NYSE:CW) by 33.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,624 shares of the aerospace company’s stock after selling 807 shares during the period. TD Private Client Wealth LLC’s holdings in Curtiss-Wright were worth $576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC lifted its holdings in shares of Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 29 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Curtiss-Wright by 0.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock valued at $1,178,000 after buying an additional 29 shares in the last quarter. Harbour Investments Inc. grew its holdings in Curtiss-Wright by 10.6% during the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock valued at $111,000 after buying an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC increased its position in Curtiss-Wright by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after buying an additional 32 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Curtiss-Wright by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock worth $275,000 after acquiring an additional 37 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Paul J. Ferdenzi sold 658 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the sale, the insider now directly owns 19,239 shares in the company, valued at approximately $6,265,757.52. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 3,131 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the transaction, the chief executive officer now owns 42,887 shares of the company’s stock, valued at approximately $13,955,858.67. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $336.56 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40. The firm has a 50 day moving average price of $336.99 and a 200 day moving average price of $346.08.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data 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%. Sell-side analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently disclosed 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. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Citigroup initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Finally, 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 on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price 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.