Transcend Capital Advisors LLC purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,091 shares of the aerospace company’s stock, valued at approximately $387,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in Curtiss-Wright during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $53,000. UMB Bank n.a. grew its holdings in Curtiss-Wright by 61.0% during the 4th 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. Brooklyn Investment Group purchased a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $59,000. Finally, Morse Asset Management Inc purchased a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.
Curtiss-Wright Stock Down 4.3 %
Shares of NYSE:CW opened at $316.15 on Monday. The stock has a market cap of $11.91 billion, a P/E ratio of 29.97, a P/E/G ratio of 2.48 and a beta of 1.19. The firm has a fifty day moving average price of $352.38 and a 200 day moving average price of $343.87. 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 Co. has a 1-year low of $234.37 and a 1-year high of $393.40.
Curtiss-Wright Announces Dividend
The company also recently announced 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 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on CW shares. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Truist Financial boosted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley boosted their price objective 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. Two 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.
Read Our Latest Analysis on Curtiss-Wright
Insider Transactions at Curtiss-Wright
In other news, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the transaction, the chief executive officer now owns 38,905 shares of the company’s stock, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Company insiders own 0.67% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Curtiss-Wright
- Upcoming IPO Stock Lockup Period, Explained
- Why Genuine Parts Company Is a Royally Good Buy Right Now
- What Are Dividends? Buy the Best Dividend Stocks
- Industrials Are Quietly Outpacing the Market: 3 Stocks to Watch
- 3 Best Fintech Stocks for a Portfolio Boost
- These 5 Energy Stocks Hedge Inflation With Growth Potential
Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Co. (NYSE:CW – Free Report).
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.