Sachetta LLC Sells 36 Shares of Curtiss-Wright Co. (NYSE:CW)

Sachetta LLC trimmed its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 17.7% in the fourth quarter, HoldingsChannel reports. The firm owned 167 shares of the aerospace company’s stock after selling 36 shares during the quarter. Sachetta LLC’s holdings in Curtiss-Wright were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CW. Tsfg LLC grew its stake in 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 buying an additional 67 shares during the last quarter. UMB Bank n.a. grew its position in shares of Curtiss-Wright by 303.8% in the third 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright during the third quarter worth approximately $53,000. Brooklyn Investment Group acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $59,000. Finally, Quarry LP boosted its stake in Curtiss-Wright by 176.9% in the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 161 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

NYSE:CW opened at $383.75 on Friday. The stock’s 50-day moving average is $364.27 and its 200-day moving average is $334.62. The stock has a market cap of $14.56 billion, a P/E ratio of 36.31, a price-to-earnings-growth ratio of 2.73 and a beta of 1.19. Curtiss-Wright Co. has a 1-year low of $220.90 and a 1-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.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

Insider Activity

In other news, VP John C. Watts sold 412 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright 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 transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 116 shares of company stock valued at $35,278. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the topic of several recent research reports. Morgan Stanley increased their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Citigroup initiated coverage on Curtiss-Wright in a research note on Tuesday. They set a “buy” rating and a $410.00 price objective on the stock. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Finally, Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Curtiss-Wright currently has an average 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.