Sei Investments Co. Has $29.82 Million Position in Curtiss-Wright Co. (NYSE:CW)

Sei Investments Co. lowered its position in shares of Curtiss-Wright Co. (NYSE:CW) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,028 shares of the aerospace company’s stock after selling 1,969 shares during the quarter. Sei Investments Co.’s holdings in Curtiss-Wright were worth $29,819,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Pathstone Holdings LLC raised its position in shares of Curtiss-Wright by 1.0% during the third quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock worth $1,442,000 after purchasing an additional 45 shares during the period. Citigroup Inc. raised its holdings in Curtiss-Wright by 6.4% during the 3rd quarter. Citigroup Inc. now owns 56,058 shares of the aerospace company’s stock worth $18,426,000 after buying an additional 3,362 shares during the period. Cerity Partners LLC lifted its stake in Curtiss-Wright by 20.9% in the third quarter. Cerity Partners LLC now owns 6,661 shares of the aerospace company’s stock valued at $2,189,000 after buying an additional 1,152 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Curtiss-Wright by 144.8% in the third quarter. Daiwa Securities Group Inc. now owns 661 shares of the aerospace company’s stock valued at $217,000 after buying an additional 391 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Curtiss-Wright by 8.4% during the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after acquiring an additional 5,437 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the topic of several research reports. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Price Performance

NYSE:CW opened at $339.69 on Wednesday. Curtiss-Wright Co. has a 52-week low of $246.43 and a 52-week high of $393.40. The company has a market cap of $12.79 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The stock’s 50-day simple moving average is $336.59 and its 200 day simple moving average is $346.40.

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

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Insider Activity

In related news, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the transaction, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now owns 18,405 shares of the company’s stock, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.67% of the stock is owned by 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.