By otakuyassine3@gmail.com 
Russell Investments Group Ltd. raised its stake in shares of Curtiss-Wright Co. (NYSE:CW – Free Report) by 93.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,515 shares of the aerospace company’s stock after purchasing an additional 8,967 shares during the quarter. Russell Investments Group Ltd.’s holdings in Curtiss-Wright were worth $6,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright during the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Curtiss-Wright during the third quarter valued at about $53,000. UMB Bank n.a. lifted its stake in Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 64 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth about $69,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Curtiss-Wright by 85.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock valued at $82,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.
Insider Activity at Curtiss-Wright
In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction dated 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 directly owns 18,405 shares in the company, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the transaction, the chief executive officer now owns 38,905 shares in the company, valued at $13,494,977.35. This trade represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,797 shares of company stock worth $7,436,255 over the last quarter. Corporate insiders own 0.67% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Truist Financial boosted their target price 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 cut their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $388.86.
Get Our Latest Stock Analysis on CW
Curtiss-Wright Stock Up 1.4 %
Shares of NYSE CW opened at $317.69 on Monday. The firm’s fifty day moving average is $322.18 and its 200 day moving average is $345.85. Curtiss-Wright Co. has a 52 week low of $246.43 and a 52 week high of $393.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.48 and a beta of 1.03.
Curtiss-Wright (NYSE:CW – Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, equities research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.
Curtiss-Wright Announces Dividend
The firm also recently declared 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 is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.
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.
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