Prudential Financial Inc. Sells 104,731 Shares of Curtiss-Wright Co. (NYSE:CW)

Prudential Financial Inc. reduced its position in Curtiss-Wright Co. (NYSE:CW) by 78.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,223 shares of the aerospace company’s stock after selling 104,731 shares during the quarter. Prudential Financial Inc.’s holdings in Curtiss-Wright were worth $10,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership bought a new position in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $53,000. UMB Bank n.a. increased its stake in shares of Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth $59,000. Finally, Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth $69,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Curtiss-Wright Stock Down 2.7 %

Shares of NYSE CW opened at $316.74 on Friday. The company has a 50 day simple moving average of $334.14 and a 200 day simple moving average of $346.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40. The firm has a market cap of $11.93 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

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

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Insider Activity

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP George P. Mcdonald sold 148 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company’s stock.

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.