SBI Securities Co. Ltd. Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

SBI Securities Co. Ltd. acquired a new stake in Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 526 shares of the aerospace company’s stock, valued at approximately $187,000.

Other hedge funds also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the third quarter worth approximately $53,000. Brooklyn Investment Group bought a new stake in shares of Curtiss-Wright during the third quarter worth approximately $59,000. UMB Bank n.a. grew its position in shares of Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright in the third quarter valued at approximately $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on CW. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Citigroup started coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Finally, Truist Financial lifted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Stock Performance

CW opened at $312.84 on Friday. The firm has a market cap of $11.78 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19. The business’s fifty day moving average is $345.52 and its 200-day moving average is $344.67. Curtiss-Wright Co. has a 52-week low of $236.31 and a 52-week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last released its earnings results 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%. Sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.27%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insiders Place Their Bets

In related news, CFO K Christopher Farkas sold 2,453 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total transaction of $851,191.00. Following the completion of the transaction, the chief financial officer now directly owns 12,712 shares in the company, valued at $4,411,064. This represents a 16.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the transaction, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders acquired 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Corporate insiders own 0.67% of the company’s stock.

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.