Mutual of America Capital Management LLC Sells 1,272 Shares of Curtiss-Wright Co. (NYSE:CW)

Mutual of America Capital Management LLC trimmed its stake in Curtiss-Wright Co. (NYSE:CW) by 5.2% during the fourth quarter, Holdings Channel reports. The fund owned 23,174 shares of the aerospace company’s stock after selling 1,272 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Curtiss-Wright were worth $5,163,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC increased its position in Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after buying an additional 52 shares during the period. Signaturefd LLC increased its position in Curtiss-Wright by 18.4% in the 3rd quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock worth $72,000 after buying an additional 57 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Curtiss-Wright by 0.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock valued at $1,450,000 after purchasing an additional 59 shares during the period. Montag A & Associates Inc. increased its position in shares of Curtiss-Wright by 67.0% during the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 61 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Curtiss-Wright by 8.3% during the third quarter. Fifth Third Bancorp now owns 825 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 63 shares during the period. 82.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CW shares. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $244.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 16th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 26th. Robert W. Baird boosted their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Truist Financial restated a “hold” rating and set a $240.00 price objective (down from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $256.00.

Insiders Place Their Bets

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now owns 17,383 shares of the company’s stock, valued at $4,171,920. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now owns 17,383 shares of the company’s stock, valued at $4,171,920. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 2,620 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total value of $638,232.00. Following the sale, the chief executive officer now owns 35,773 shares of the company’s stock, valued at approximately $8,714,302.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,451 shares of company stock valued at $3,030,512. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Price Performance

Shares of CW stock opened at $249.41 on Monday. The stock’s fifty day simple moving average is $242.45 and its 200 day simple moving average is $223.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 1.50. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 27.11 and a beta of 1.18. Curtiss-Wright Co. has a one year low of $157.72 and a one year high of $261.46.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results 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 business had revenue of $785.79 million for the quarter, compared to analyst estimates of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. Curtiss-Wright’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.92 EPS. On average, analysts expect that Curtiss-Wright Co. will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm 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. This represents a $0.80 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 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.