Curtiss-Wright Co. (NYSE:CW) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 5.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,758 shares of the aerospace company’s stock after selling 690 shares during the period. Los Angeles Capital Management LLC’s holdings in Curtiss-Wright were worth $4,527,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Creative Planning boosted its stake in Curtiss-Wright by 8.2% in the 3rd quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock worth $988,000 after purchasing an additional 227 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in shares of Curtiss-Wright by 9.9% in the third quarter. Diversify Advisory Services LLC now owns 1,040 shares of the aerospace company’s stock worth $366,000 after buying an additional 94 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Curtiss-Wright by 6.3% during the third quarter. First Trust Direct Indexing L.P. now owns 1,126 shares of the aerospace company’s stock worth $370,000 after buying an additional 67 shares during the period. Diversify Wealth Management LLC grew its holdings in shares of Curtiss-Wright by 14.8% during the third quarter. Diversify Wealth Management LLC now owns 2,021 shares of the aerospace company’s stock valued at $708,000 after buying an additional 261 shares during the last quarter. Finally, Congress Asset Management Co. increased its position in shares of 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 acquiring an additional 265,205 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 1.2 %

Curtiss-Wright stock opened at $315.49 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm has a market cap of $11.88 billion, a PE ratio of 29.90, a P/E/G ratio of 2.48 and a beta of 1.19. The stock’s 50 day simple moving average is $348.69 and its two-hundred day simple moving average is $343.84. Curtiss-Wright Co. has a 12 month low of $234.37 and a 12 month high of $393.40.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Analysts anticipate 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. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Insider Buying and Selling

In related news, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright 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 sale, the insider now owns 18,405 shares of the company’s stock, 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 can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on CW. Truist Financial lifted their price target 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 initiated coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Stifel Nicolaus cut 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 note on Monday, November 18th. Finally, Morgan Stanley increased their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

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.