DnB Asset Management AS Purchases New Holdings in Curtiss-Wright Co. (NYSE:CW)

DnB Asset Management AS acquired a new stake in Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 827 shares of the aerospace company’s stock, valued at approximately $293,000.

Other large investors have also recently made changes to their positions in the company. YANKCOM Partnership purchased a new position in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright during the 3rd quarter worth $53,000. UMB Bank n.a. increased its holdings in 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 acquiring an additional 64 shares during the last quarter. Morse Asset Management Inc bought a new stake in Curtiss-Wright in the 3rd quarter valued at about $69,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Curtiss-Wright during the third quarter valued at about $82,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. 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 price objective for the company. Truist Financial raised their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Up 1.0 %

Curtiss-Wright stock opened at $325.70 on Thursday. The stock has a market cap of $12.27 billion, a P/E ratio of 30.87, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a fifty-two week low of $246.43 and a fifty-two week high of $393.40. The firm’s fifty day moving average price is $330.84 and its 200-day moving average price is $346.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Equities research analysts forecast 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 issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis 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%.

About Curtiss-Wright

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.