640 Shares in Curtiss-Wright Co. (NYSE:CW) Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new position in Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 640 shares of the aerospace company’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CW. Geode Capital Management LLC grew its holdings in shares of Curtiss-Wright by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after acquiring an additional 27,607 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after purchasing an additional 160,395 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Curtiss-Wright by 31.3% in the 4th quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company’s stock valued at $118,203,000 after buying an additional 79,362 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock valued at $115,469,000 after buying an additional 22,543 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Curtiss-Wright by 170.2% during the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after buying an additional 163,433 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling

In other 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 sale, the chief financial officer now owns 12,712 shares of the company’s stock, valued at approximately $4,411,064. This represents a 16.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 15,935 shares valued at $5,528,147. 0.67% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $322.52 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 2.48 and a beta of 1.15. The stock’s fifty day moving average price is $339.57 and its two-hundred day moving average price is $345.23. Curtiss-Wright Co. has a one year low of $241.44 and a one year high of $393.40.

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

Curtiss-Wright Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on CW. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Citigroup assumed coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Finally, Stifel Nicolaus downgraded 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 given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

About Curtiss-Wright

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.