Los Angeles Capital Management LLC Sells 690 Shares of Curtiss-Wright Co. (NYSE:CW)

Los Angeles Capital Management LLC trimmed its holdings in Curtiss-Wright Co. (NYSE:CW) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,758 shares of the aerospace company’s stock after selling 690 shares during the period. Los Angeles Capital Management LLC’s holdings in Curtiss-Wright were worth $4,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning lifted its stake in Curtiss-Wright by 8.2% in the 3rd quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock worth $988,000 after purchasing an additional 227 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in shares of Curtiss-Wright by 9.9% in the third quarter. Diversify Advisory Services LLC now owns 1,040 shares of the aerospace company’s stock worth $366,000 after purchasing an additional 94 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Curtiss-Wright by 6.3% in the third quarter. First Trust Direct Indexing L.P. now owns 1,126 shares of the aerospace company’s stock worth $370,000 after buying an additional 67 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in Curtiss-Wright by 14.8% during the third quarter. Diversify Wealth Management LLC now owns 2,021 shares of the aerospace company’s stock valued at $708,000 after buying an additional 261 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after buying an additional 265,205 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $315.49 on Friday. 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 capitalization of $11.88 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19. Curtiss-Wright Co. has a 1-year low of $234.37 and a 1-year high of $393.40. The company’s 50-day moving average is $348.69 and its 200 day moving average is $343.84.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results 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 return on equity of 17.11% and a net margin of 12.98%. Research 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 yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CW shares. 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 target on the stock. Truist Financial boosted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley increased their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Finally, Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective 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 assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were 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. 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 90 days, insiders purchased 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by company 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.