Y Intercept Hong Kong Ltd Acquires Shares of 1,670 Curtiss-Wright Co. (NYSE:CW)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,670 shares of the aerospace company’s stock, valued at approximately $593,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CW. Creative Planning increased its stake in shares of Curtiss-Wright by 8.2% in the third quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock valued at $988,000 after buying an additional 227 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Curtiss-Wright by 6.3% during the third quarter. First Trust Direct Indexing L.P. now owns 1,126 shares of the aerospace company’s stock worth $370,000 after buying an additional 67 shares during the last quarter. US Bancorp DE boosted its holdings in Curtiss-Wright by 94.0% during the third quarter. US Bancorp DE now owns 8,873 shares of the aerospace company’s stock worth $2,916,000 after buying an additional 4,300 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Curtiss-Wright by 15.8% during the third quarter. New York State Common Retirement Fund now owns 78,503 shares of the aerospace company’s stock worth $25,803,000 after buying an additional 10,700 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Curtiss-Wright by 29.0% during the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock valued at $88,847,000 after purchasing an additional 56,966 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Citigroup initiated coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. Finally, Morgan Stanley upped their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $386.86.

Insiders Place Their Bets

In other news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the transaction, the chief executive officer now directly owns 38,905 shares in the company, 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 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $322.24 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a fifty-two week low of $234.49 and a fifty-two week high of $393.40. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.48 and a beta of 1.19. The stock has a fifty day moving average price of $348.05 and a 200-day moving average price of $344.33.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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%. As a group, equities analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright’s payout ratio is presently 7.96%.

Curtiss-Wright Company 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.