First Hawaiian Bank Sells 1,013 Shares of Curtiss-Wright Co. (NYSE:CW)

First Hawaiian Bank reduced its position in shares of Curtiss-Wright Co. (NYSE:CW) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,236 shares of the aerospace company’s stock after selling 1,013 shares during the period. First Hawaiian Bank’s holdings in Curtiss-Wright were worth $3,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC increased its stake in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after buying an additional 67 shares during the last quarter. UMB Bank n.a. increased its position in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright during the third quarter worth $53,000. Brooklyn Investment Group purchased a new position in Curtiss-Wright in the third quarter worth $59,000. Finally, Quarry LP grew its stake in Curtiss-Wright by 176.9% in the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 161 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CW. Alembic Global Advisors began coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Morgan Stanley boosted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Truist Financial upped their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $379.00.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John C. Watts sold 412 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 116 shares of company stock valued at $35,278 in the last three months. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock traded up $2.74 during trading hours on Wednesday, reaching $351.41. The company had a trading volume of 198,684 shares, compared to its average volume of 314,482. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The firm has a market cap of $13.34 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. Curtiss-Wright Co. has a one year low of $212.05 and a one year high of $393.40. The business has a fifty day simple moving average of $364.74 and a 200 day simple moving average of $326.96.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

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.