Curtiss-Wright Co. (NYSE:CW) Shares Sold by Prospector Partners LLC

Prospector Partners LLC lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 37.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,146 shares of the aerospace company’s stock after selling 33,000 shares during the quarter. Curtiss-Wright accounts for 2.1% of Prospector Partners LLC’s investment portfolio, making the stock its 12th biggest position. Prospector Partners LLC’s holdings in Curtiss-Wright were worth $19,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Curtiss-Wright by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock valued at $1,289,608,000 after buying an additional 15,890 shares during the period. TD Asset Management Inc. increased its stake in shares of Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock valued at $271,977,000 after acquiring an additional 107,115 shares during the period. Geode Capital Management LLC increased its stake in shares of Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock valued at $264,071,000 after acquiring an additional 12,086 shares during the period. Alliancebernstein L.P. lifted its position in Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock worth $210,199,000 after purchasing an additional 6,971 shares during the period. Finally, Norges Bank bought a new position in Curtiss-Wright during the 4th quarter valued at $201,856,000. 82.71% of the stock is owned by institutional investors.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 658 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the transaction, the insider now owns 19,239 shares in the company, valued at approximately $6,265,757.52. This represents a 3.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at $13,494,977.35. This trade represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.55% of the stock is owned by insiders.

Curtiss-Wright Trading Down 6.4 %

Shares of CW opened at $283.63 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40. The stock has a market capitalization of $10.68 billion, a P/E ratio of 26.88, a P/E/G ratio of 2.48 and a beta of 1.15. The business’s 50-day moving average price is $327.23 and its 200 day moving average price is $346.69.

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 analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. 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 0.30%. Curtiss-Wright’s dividend payout ratio is 7.96%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup started coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Truist Financial upped 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

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.