Dynamic Technology Lab Private Ltd decreased its position in Curtiss-Wright Co. (NYSE:CW – Free Report) by 87.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,802 shares of the aerospace company’s stock after selling 12,288 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Curtiss-Wright were worth $401,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $25,000. Montag A & Associates Inc. lifted its stake in shares of Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 61 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 52 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $49,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $57,000. Institutional investors own 82.71% of the company’s stock.
Insider Transactions at Curtiss-Wright
In other news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO K Christopher Farkas sold 2,736 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the transaction, the chief financial officer now directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the transaction, the vice president now owns 17,383 shares in the company, valued at $4,171,920. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock worth $3,030,512 in the last 90 days. 0.67% of the stock is owned by insiders.
Curtiss-Wright Stock Down 0.3 %
Curtiss-Wright stock opened at $280.71 on Friday. The firm has a market cap of $10.75 billion, a PE ratio of 28.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 2.02. The firm’s 50 day moving average price is $260.47 and its two-hundred day moving average price is $236.65. Curtiss-Wright Co. has a twelve month low of $157.85 and a twelve month high of $286.23.
Curtiss-Wright (NYSE:CW – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same quarter in the prior year, the business earned $1.53 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts predict that Curtiss-Wright Co. will post 10.27 EPS for the current fiscal year.
Curtiss-Wright Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.21 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 17th. This represents a $0.84 annualized dividend and a dividend yield of 0.30%. Curtiss-Wright’s dividend payout ratio is 8.24%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $293.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley upped their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird upped their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 5th. Finally, Truist Financial upped their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $302.50.
Get Our Latest Analysis on Curtiss-Wright
Curtiss-Wright Profile
(Free Report)
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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