Daiwa Securities Group Inc. Purchases 11,202 Shares of Curtiss-Wright Co. (NYSE:CW)

Daiwa Securities Group Inc. increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 1,694.7% during the fourth quarter, Holdings Channel reports. The fund owned 11,863 shares of the aerospace company’s stock after purchasing an additional 11,202 shares during the period. Daiwa Securities Group Inc.’s holdings in Curtiss-Wright were worth $4,210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. grew its holdings in shares of Curtiss-Wright by 9.8% during the third quarter. Assetmark Inc. now owns 5,829 shares of the aerospace company’s stock worth $1,916,000 after purchasing an additional 519 shares during the last quarter. Atria Investments Inc lifted its position in Curtiss-Wright by 37.6% during the 3rd quarter. Atria Investments Inc now owns 3,743 shares of the aerospace company’s stock worth $1,230,000 after buying an additional 1,022 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Curtiss-Wright by 44.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,612 shares of the aerospace company’s stock valued at $1,187,000 after acquiring an additional 1,109 shares in the last quarter. Versor Investments LP bought a new position in shares of Curtiss-Wright in the third quarter worth about $329,000. Finally, Aptus Capital Advisors LLC raised its stake in shares of Curtiss-Wright by 21.6% in the third quarter. Aptus Capital Advisors LLC now owns 22,139 shares of the aerospace company’s stock worth $7,277,000 after acquiring an additional 3,936 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

CW stock opened at $314.41 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $238.15 and a twelve month high of $393.40. The business’s fifty day moving average is $340.85 and its 200-day moving average is $344.95. The company has a market cap of $11.84 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Equities research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 8,289 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 of the company’s stock, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 15,935 shares valued at $5,528,147. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Curtiss-Wright 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.