Alliancebernstein L.P. Grows Position in Curtiss-Wright Co. (NYSE:CW)

Alliancebernstein L.P. boosted its position in shares of Curtiss-Wright Co. (NYSE:CW) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 592,326 shares of the aerospace company’s stock after acquiring an additional 6,971 shares during the period. Alliancebernstein L.P. owned about 1.56% of Curtiss-Wright worth $210,199,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth about $53,000. UMB Bank n.a. increased its holdings in shares of Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 64 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth about $69,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Curtiss-Wright during the third quarter worth approximately $82,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Up 0.2 %

Shares of Curtiss-Wright stock opened at $317.44 on Tuesday. 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 company has a market capitalization of $11.95 billion, a P/E ratio of 30.09, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40. The company’s fifty day moving average is $333.15 and its two-hundred day moving average is $347.04.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results 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%. Analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

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 issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Finally, Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $386.86.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have bought 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. 0.67% of the stock is currently 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.