Boston Partners Sells 100,334 Shares of Curtiss-Wright Co. (NYSE:CW)

Boston Partners lessened its holdings in Curtiss-Wright Co. (NYSE:CW) by 10.1% during the 4th quarter, HoldingsChannel reports. The firm owned 896,950 shares of the aerospace company’s stock after selling 100,334 shares during the period. Boston Partners’ holdings in Curtiss-Wright were worth $318,388,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in shares of Curtiss-Wright in the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $53,000. Brooklyn Investment Group purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $59,000. UMB Bank n.a. boosted its holdings 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 worth $60,000 after purchasing an additional 64 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $69,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 1.9 %

Shares of NYSE CW opened at $328.82 on Tuesday. 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 business has a fifty day simple moving average of $339.13 and a two-hundred day simple moving average of $345.33. The firm has a market cap of $12.38 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a twelve month low of $241.44 and a twelve month high of $393.40.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend 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%.

Analyst Ratings Changes

CW has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Stifel Nicolaus cut 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. Citigroup initiated coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price for the company. Finally, 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 note on Tuesday, January 14th. Two 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the business’s 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 sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders purchased 116 shares of company stock valued at $35,278 and sold 15,935 shares valued at $5,528,147. Corporate 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.