Natixis Advisors LLC Sells 1,022 Shares of Curtiss-Wright Co. (NYSE:CW)

Natixis Advisors LLC lessened its position in shares of Curtiss-Wright Co. (NYSE:CW) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,917 shares of the aerospace company’s stock after selling 1,022 shares during the period. Natixis Advisors LLC’s holdings in Curtiss-Wright were worth $10,617,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. TimesSquare Capital Management LLC lifted its stake in Curtiss-Wright by 1,773.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after purchasing an additional 166,672 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Curtiss-Wright by 170.2% during the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after buying an additional 163,433 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after buying an additional 160,395 shares in the last quarter. World Investment Advisors LLC bought a new position in Curtiss-Wright in the third quarter valued at about $47,220,000. Finally, Raymond James Financial Inc. acquired a new position in Curtiss-Wright during the fourth quarter worth about $31,497,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $331.30 on Thursday. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $242.52 and a twelve month high of $393.40. The company’s fifty day moving average is $338.23 and its 200 day moving average is $345.29.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

Analyst Upgrades and Downgrades

CW has been the topic of several research reports. Citigroup initiated coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. Truist Financial boosted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now directly owns 5,072 shares of the company’s stock, valued at $1,760,237.60. The trade was a 10.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. Corporate insiders own 0.67% of the company’s stock.

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.