SG Americas Securities LLC Sells 5,661 Shares of Curtiss-Wright Co. (NYSE:CW)

SG Americas Securities LLC lowered its position in shares of Curtiss-Wright Co. (NYSE:CW) by 84.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,059 shares of the aerospace company’s stock after selling 5,661 shares during the quarter. SG Americas Securities LLC’s holdings in Curtiss-Wright were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CW. Los Angeles Capital Management LLC raised its holdings in shares of Curtiss-Wright by 729.1% during the third quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company’s stock valued at $3,996,000 after purchasing an additional 17,964 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Curtiss-Wright by 80.5% during the third quarter. Envestnet Asset Management Inc. now owns 69,463 shares of the aerospace company’s stock valued at $13,589,000 after purchasing an additional 30,972 shares during the period. Burney Co. raised its holdings in shares of Curtiss-Wright by 14.9% during the third quarter. Burney Co. now owns 26,516 shares of the aerospace company’s stock valued at $5,187,000 after purchasing an additional 3,437 shares during the period. Teza Capital Management LLC acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth about $210,000. Finally, Mariner LLC raised its holdings in shares of Curtiss-Wright by 53.2% in the 3rd quarter. Mariner LLC now owns 2,451 shares of the aerospace company’s stock worth $480,000 after acquiring an additional 851 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $244.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 16th. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 26th. Truist Financial restated a “hold” rating and issued a $240.00 target price (down previously from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. Finally, Robert W. Baird upped their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $256.00.

Insider Activity

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the transaction, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO K Christopher Farkas sold 2,736 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total transaction of $657,077.76. Following the completion of the transaction, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock valued at $3,030,512 in the last three months. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Down 0.2 %

NYSE:CW opened at $252.44 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 27.44 and a beta of 1.18. Curtiss-Wright Co. has a 52 week low of $157.72 and a 52 week high of $261.46. The firm has a 50-day moving average price of $241.98 and a two-hundred day moving average price of $222.37.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.92 by $0.24. The firm had revenue of $785.79 million during the quarter, compared to analyst estimates of $737.09 million. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $2.92 EPS. On average, equities analysts expect that Curtiss-Wright Co. will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 0.32%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.70%.

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.