Norden Group LLC Acquires 73 Shares of Curtiss-Wright Co. (NYSE:CW)

Norden Group LLC increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,246 shares of the aerospace company’s stock after acquiring an additional 73 shares during the period. Norden Group LLC’s holdings in Curtiss-Wright were worth $2,217,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock worth $82,000 after acquiring an additional 105 shares in the last quarter. Athena Investment Management purchased a new position in Curtiss-Wright in the fourth quarter worth about $302,000. Williamson Legacy Group LLC raised its holdings in Curtiss-Wright by 4.5% in the fourth quarter. Williamson Legacy Group LLC now owns 3,001 shares of the aerospace company’s stock worth $1,065,000 after buying an additional 129 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Curtiss-Wright by 47.3% in the fourth quarter. Fisher Asset Management LLC now owns 103,810 shares of the aerospace company’s stock worth $36,839,000 after buying an additional 33,356 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new position in Curtiss-Wright in the fourth quarter worth about $237,000. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CW shares. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial lifted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Citigroup started coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price for the company. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price 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, the company presently has an average rating of “Moderate Buy” and an average target price of $386.86.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.67% of the stock is owned by corporate insiders.

Curtiss-Wright Stock Up 2.0 %

CW opened at $322.24 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average price of $348.05 and a 200-day moving average price of $344.33. Curtiss-Wright Co. has a twelve month low of $234.49 and a twelve month high of $393.40. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.48 and a beta of 1.19.

Curtiss-Wright (NYSE:CW) last announced its 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 net margin of 12.98% and a return on equity of 17.11%. Equities research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 yield of 0.26%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Curtiss-Wright Company 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.