Prudential Financial Inc. Has $10.11 Million Position in Curtiss-Wright Co. (NYSE:CW)

Prudential Financial Inc. cut its position in shares of Curtiss-Wright Co. (NYSE:CW) by 78.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,223 shares of the aerospace company’s stock after selling 104,731 shares during the quarter. Prudential Financial Inc. owned 0.07% of Curtiss-Wright worth $10,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. William Blair Investment Management LLC bought a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $132,626,000. TimesSquare Capital Management LLC grew its position in Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock valued at $62,483,000 after purchasing an additional 166,672 shares in the last quarter. Principal Financial Group Inc. increased its stake in Curtiss-Wright by 170.2% in the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock valued at $92,065,000 after buying an additional 163,433 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after buying an additional 160,395 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth about $47,220,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity

In other Curtiss-Wright news, 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 completion of the sale, the insider now owns 18,405 shares of the company’s stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John C. Watts sold 622 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following 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 disclosure for this sale can be found here. Over the last quarter, insiders have bought 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Stock Down 2.7 %

CW stock opened at $316.74 on Friday. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40. The business’s 50 day simple moving average is $334.14 and its 200 day simple moving average is $346.27. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $11.93 billion, a PE ratio of 30.02, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 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%. As a group, research analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently disclosed 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Analyst Ratings Changes

A number of research firms recently issued reports on CW. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. Finally, Truist Financial increased their price objective on 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 given a buy rating to the company’s 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.