Paradigm Asset Management Co. LLC Invests $142,000 in Curtiss-Wright Co. (NYSE:CW)

Paradigm Asset Management Co. LLC purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, Holdings Channel reports. The fund purchased 400 shares of the aerospace company’s stock, valued at approximately $142,000.

Other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in Curtiss-Wright during the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright during the 3rd quarter worth about $53,000. Brooklyn Investment Group bought a new position in Curtiss-Wright during the 3rd quarter valued at about $59,000. UMB Bank n.a. grew its holdings in Curtiss-Wright by 61.0% during the 4th 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 purchased a new stake in Curtiss-Wright in the 3rd quarter worth about $69,000. 82.71% of the stock is currently owned by institutional investors.

Insider Activity

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction 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 directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have purchased 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

CW stock opened at $316.15 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a 1-year low of $234.37 and a 1-year high of $393.40. The business has a 50-day moving average price of $352.38 and a 200 day moving average price of $342.82. The company has a market capitalization of $11.91 billion, a P/E ratio of 29.97, a PEG ratio of 2.29 and a beta of 1.19.

Curtiss-Wright (NYSE:CW) last posted its quarterly 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%. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced 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 (DPR) is presently 7.96%.

Analyst Upgrades and Downgrades

CW has been the subject of several recent analyst reports. Truist Financial boosted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Morgan Stanley upped their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Citigroup began coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, 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.