Geode Capital Management LLC Purchases 12,086 Shares of Curtiss-Wright Co. (NYSE:CW)

Geode Capital Management LLC increased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 743,934 shares of the aerospace company’s stock after buying an additional 12,086 shares during the period. Geode Capital Management LLC owned 1.96% of Curtiss-Wright worth $264,071,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CW. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright during the third quarter worth $53,000. UMB Bank n.a. grew its holdings in Curtiss-Wright by 61.0% in the fourth 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. Morse Asset Management Inc bought a new stake in Curtiss-Wright in the third quarter valued at $69,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock valued at $82,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the subject of several research reports. Truist Financial raised their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $386.86.

Insider Buying and Selling

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at $6,386,166.90. This represents a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the completion of the transaction, the chief executive officer now owns 42,887 shares of the company’s stock, valued at $13,955,858.67. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Stock Performance

Shares of CW opened at $283.63 on Friday. The firm has a market capitalization of $10.68 billion, a P/E ratio of 26.88, a P/E/G ratio of 2.48 and a beta of 1.15. The stock has a 50 day moving average price of $327.23 and a two-hundred day moving average price of $346.69. Curtiss-Wright Co. has a 52 week low of $246.43 and a 52 week high of $393.40. 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 posted 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%. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.30%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is 7.96%.

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.