Blue Trust Inc. Increases Stock Position in Curtiss-Wright Co. (NYSE:CW)

Blue Trust Inc. lifted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 68.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 582 shares of the aerospace company’s stock after purchasing an additional 236 shares during the quarter. Blue Trust Inc.’s holdings in Curtiss-Wright were worth $191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tsfg LLC increased its holdings in shares of Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares in the last quarter. UMB Bank n.a. lifted its holdings in Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Curtiss-Wright in the 3rd quarter worth approximately $53,000. Brooklyn Investment Group purchased a new stake in Curtiss-Wright in the 3rd quarter valued at about $59,000. Finally, Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at $69,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

CW stock opened at $345.63 on Wednesday. Curtiss-Wright Co. has a one year low of $220.90 and a one year high of $393.40. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.12 billion, a PE ratio of 32.70, a P/E/G ratio of 2.47 and a beta of 1.19. The firm has a 50-day moving average of $361.10 and a two-hundred day moving average of $338.51.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 116 shares of company stock valued at $35,278 in the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CW. Citigroup assumed coverage on shares of Curtiss-Wright in a research note 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 Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Finally, Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus price target of $386.86.

About Curtiss-Wright

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.