Curtiss-Wright Corporation $CW Position Lessened by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 16.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 111,530 shares of the aerospace company’s stock after selling 21,787 shares during the period. Curtiss-Wright comprises 1.1% of Wedge Capital Management L L P NC’s holdings, making the stock its 15th largest holding. Wedge Capital Management L L P NC’s holdings in Curtiss-Wright were worth $61,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its position in Curtiss-Wright by 18.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 36,644 shares of the aerospace company’s stock worth $20,201,000 after purchasing an additional 5,662 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Curtiss-Wright by 1.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 2,548 shares of the aerospace company’s stock valued at $1,405,000 after buying an additional 46 shares during the last quarter. Dakota Wealth Management bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $1,220,000. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Curtiss-Wright by 13.1% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 35,910 shares of the aerospace company’s stock valued at $19,796,000 after buying an additional 4,159 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its holdings in Curtiss-Wright by 2.9% in the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $678.11, for a total value of $149,184.20. Following the sale, the executive vice president owned 4,182 shares in the company, valued at approximately $2,835,856.02. This trade represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP George P. Mcdonald sold 151 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $678.07, for a total transaction of $102,388.57. Following the transaction, the vice president directly owned 4,210 shares in the company, valued at $2,854,674.70. This trade represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 23,112 shares of company stock worth $14,768,527. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Down 0.4%

Shares of CW stock opened at $663.40 on Friday. The stock’s 50 day simple moving average is $677.18 and its 200 day simple moving average is $598.70. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $730.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 51.55, a PEG ratio of 3.24 and a beta of 0.91.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The firm had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the prior year, the business earned $3.27 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. As a group, research analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.46%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research note on Friday, January 9th. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Finally, Citigroup upped their price objective on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $663.17.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.