Rice Hall James & Associates LLC Sells 713 Shares of Curtiss-Wright Co. (NYSE:CW)

Rice Hall James & Associates LLC cut its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 18.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,184 shares of the aerospace company’s stock after selling 713 shares during the period. Rice Hall James & Associates LLC’s holdings in Curtiss-Wright were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of Curtiss-Wright by 7.8% in the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 29 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 29 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Curtiss-Wright by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock valued at $363,000 after purchasing an additional 37 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Curtiss-Wright by 3.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after purchasing an additional 37 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of Curtiss-Wright by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock valued at $275,000 after purchasing an additional 37 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CW. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Truist Financial upped their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Alembic Global Advisors assumed coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Activity

In other news, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $325.13 on Wednesday. The business’s 50 day moving average price is $354.83 and its two-hundred day moving average price is $342.60. The company has a market cap of $12.34 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $232.82 and a twelve 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 for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. On average, analysts predict that Curtiss-Wright Co. will post 10.72 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.95%.

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.