Corient Private Wealth LLC Sells 220 Shares of Curtiss-Wright Co. (NYSE:CW)

Corient Private Wealth LLC decreased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,765 shares of the aerospace company’s stock after selling 220 shares during the period. Corient Private Wealth LLC’s holdings in Curtiss-Wright were worth $3,465,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in Curtiss-Wright during the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright during the 3rd quarter worth $53,000. Brooklyn Investment Group bought a new position in shares of Curtiss-Wright in the third quarter worth $59,000. UMB Bank n.a. increased its position in shares of Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 64 shares during the period. Finally, Morse Asset Management Inc bought a new position in shares of Curtiss-Wright in the third quarter worth $69,000. Institutional investors own 82.71% of the company’s stock.

Insider Activity

In other news, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have bought 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $325.62 on Friday. The stock’s 50-day simple moving average is $337.26 and its 200 day simple moving average is $345.53. The firm has a market capitalization of $12.26 billion, a PE ratio of 30.86, a price-to-earnings-growth 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 $246.43 and a twelve month high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating 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%. On average, analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal 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 paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CW shares. Truist Financial raised 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 started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $386.86.

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.