Curtiss-Wright Co. (NYSE:CW) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,609 shares of the aerospace company’s stock after selling 257 shares during the quarter. Amalgamated Bank’s holdings in Curtiss-Wright were worth $6,604,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. YANKCOM Partnership purchased a new position in shares of Curtiss-Wright during the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright in the third quarter valued at $53,000. Brooklyn Investment Group bought a new position in Curtiss-Wright during the 3rd quarter valued at $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 worth $60,000 after acquiring an additional 64 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth about $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 1.4 %

Shares of Curtiss-Wright stock opened at $318.75 on Thursday. Curtiss-Wright Co. has a 1-year low of $234.37 and a 1-year high of $393.40. The company has a market capitalization of $12.00 billion, a P/E ratio of 30.21, a PEG ratio of 2.48 and a beta of 1.19. The business’s fifty day moving average price is $349.41 and its two-hundred day moving average price is $344.04. 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 (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping 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, research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 $10,580,134.40. The trade was a 19.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Kevin Rayment sold 2,664 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.92, for a total transaction of $924,194.88. Following the completion of the sale, the chief operating officer now owns 24,236 shares in the company, valued at $8,407,953.12. The trade was a 9.90 % decrease in their ownership of the stock. 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 corporate insiders.

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.