Curtiss-Wright Co. (NYSE:CW) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its position in Curtiss-Wright Co. (NYSE:CW) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 771,130 shares of the aerospace company’s stock after selling 51,360 shares during the period. Primecap Management Co. CA’s holdings in Curtiss-Wright were worth $273,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CW. William Blair Investment Management LLC purchased a new position in Curtiss-Wright during the fourth quarter worth approximately $132,626,000. Harbour Investments Inc. lifted its position in Curtiss-Wright by 10.6% during the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after buying an additional 30 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Curtiss-Wright by 0.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock worth $1,178,000 after buying an additional 29 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in Curtiss-Wright during the fourth quarter worth approximately $227,000. Finally, Wellington Shields Capital Management LLC purchased a new stake in Curtiss-Wright in the fourth quarter valued at $1,260,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of research analyst reports. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research report on Monday, November 18th. Citigroup initiated coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. 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 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Price Performance

CW stock opened at $328.82 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.38 billion, a PE ratio of 31.17, a P/E/G ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 12-month low of $241.44 and a 12-month high of $393.40. The business’s fifty day moving average price is $339.13 and its 200 day moving average price is $345.33.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS 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%. On average, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 yield of 0.26%. Curtiss-Wright’s payout ratio is 7.96%.

Insider Buying and Selling

In other news, VP John C. Watts sold 622 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was 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 of the company’s stock, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 116 shares of company stock valued at $35,278 and sold 15,935 shares valued at $5,528,147. 0.67% of the stock is currently owned by insiders.

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.