Allspring Global Investments Holdings LLC Sells 189 Shares of Curtiss-Wright Co. (NYSE:CW)

Allspring Global Investments Holdings LLC cut its stake in Curtiss-Wright Co. (NYSE:CW) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 55,209 shares of the aerospace company’s stock after selling 189 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Curtiss-Wright were worth $12,300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $31,816,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in shares of Curtiss-Wright by 2.9% during the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,652 shares of the aerospace company’s stock valued at $814,000 after buying an additional 104 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Curtiss-Wright by 23.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,370 shares of the aerospace company’s stock worth $301,000 after buying an additional 262 shares during the period. Cadinha & Co. LLC increased its stake in shares of Curtiss-Wright by 1,101.1% in the 4th quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock worth $15,507,000 after acquiring an additional 63,810 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC bought a new stake in Curtiss-Wright during the fourth quarter worth about $441,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $247.18 on Tuesday. The firm has a market cap of $9.46 billion, a P/E ratio of 26.87 and a beta of 1.18. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45. Curtiss-Wright Co. has a twelve month low of $157.72 and a twelve month high of $261.46. The company has a 50 day moving average of $242.87 and a 200 day moving average of $223.44.

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

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.32%. Curtiss-Wright’s dividend payout ratio is presently 8.70%.

Analyst Upgrades and Downgrades

CW has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 26th. Stifel Nicolaus increased their target price on Curtiss-Wright from $244.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $256.00.

Insider Activity

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the sale, the vice president now owns 15,942 shares in the company, valued at $3,985,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the transaction, the chief financial officer now owns 10,052 shares in the company, valued at approximately $2,448,164.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the sale, the vice president now owns 15,942 shares of the company’s stock, valued at $3,985,500. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock valued at $3,030,512 in the last ninety days. 0.55% of the stock is currently owned by company 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.