DekaBank Deutsche Girozentrale Purchases 262 Shares of Curtiss-Wright Co. (NYSE:CW)

DekaBank Deutsche Girozentrale lifted its position in shares of Curtiss-Wright Co. (NYSE:CW) by 23.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,370 shares of the aerospace company’s stock after purchasing an additional 262 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Curtiss-Wright were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in shares of Curtiss-Wright during the 4th quarter valued at $25,000. First Horizon Advisors Inc. lifted its position in Curtiss-Wright by 1,100.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 132 shares during the period. Point72 Asset Management L.P. bought a new stake in Curtiss-Wright during the second quarter worth about $28,000. Montag A & Associates Inc. grew its holdings in Curtiss-Wright by 67.0% in the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 61 shares during the period. Finally, FSC Wealth Advisors LLC bought a new position in shares of Curtiss-Wright during the third quarter valued at approximately $32,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Shares of CW opened at $249.94 on Wednesday. Curtiss-Wright Co. has a 12 month low of $157.72 and a 12 month high of $261.46. The business’s fifty day simple moving average is $243.33 and its two-hundred day simple moving average is $223.82. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. The company has a market cap of $9.57 billion, a price-to-earnings ratio of 27.17 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last released 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 company had revenue of $785.79 million for the quarter, compared to analysts’ expectations of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. Curtiss-Wright’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $2.92 earnings per share. Research analysts anticipate that Curtiss-Wright Co. will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given 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 (DPR) is 8.70%.

Analyst Ratings Changes

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

Insider Buying and Selling

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 shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the sale, the vice president now directly owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the sale, the vice president now directly owns 17,383 shares in the company, valued at approximately $4,171,920. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of the 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 owns 9,172 shares in the company, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,451 shares of company stock worth $3,030,512. 0.55% of the stock is owned by insiders.

Curtiss-Wright 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.