Fiera Capital Corp Sells 3,605 Shares of Curtiss-Wright Co. (NYSE:CW)

Fiera Capital Corp cut its stake in Curtiss-Wright Co. (NYSE:CW) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,387 shares of the aerospace company’s stock after selling 3,605 shares during the period. Fiera Capital Corp owned 0.42% of Curtiss-Wright worth $56,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CW. International Assets Investment Management LLC raised its position in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after purchasing an additional 403,701 shares during the last quarter. Congress Asset Management Co. boosted its position in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after buying an additional 265,205 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Curtiss-Wright by 90.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after buying an additional 160,395 shares during the period. World Investment Advisors LLC bought a new stake in shares of Curtiss-Wright during the third quarter worth $47,220,000. Finally, Van ECK Associates Corp lifted its stake in shares of Curtiss-Wright by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company’s stock valued at $118,203,000 after acquiring an additional 79,362 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Curtiss-Wright Stock Down 2.5 %

Shares of NYSE CW opened at $341.92 on Thursday. The firm has a 50 day moving average price of $358.44 and a 200 day moving average price of $341.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The stock has a market cap of $12.98 billion, a P/E ratio of 32.35, a P/E/G ratio of 2.50 and a beta of 1.19. Curtiss-Wright Co. has a 52-week low of $225.33 and a 52-week high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. Analysts expect that Curtiss-Wright Co. will post 10.72 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.25%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 7,129 shares of the business’s 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 sale, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John C. Watts sold 622 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now owns 5,072 shares of the company’s stock, 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 quarter, insiders have purchased 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.