Natixis Advisors LLC Sells 1,022 Shares of Curtiss-Wright Co. (NYSE:CW)

Natixis Advisors LLC reduced its position in shares of Curtiss-Wright Co. (NYSE:CW) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,917 shares of the aerospace company’s stock after selling 1,022 shares during the quarter. Natixis Advisors LLC owned about 0.08% of Curtiss-Wright worth $10,617,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in Curtiss-Wright in the fourth quarter valued at approximately $227,000. Wellington Shields Capital Management LLC bought a new position in shares of Curtiss-Wright in the 4th quarter worth $1,260,000. Commonwealth Equity Services LLC increased its holdings in Curtiss-Wright by 37.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,851 shares of the aerospace company’s stock valued at $7,754,000 after purchasing an additional 5,976 shares during the last quarter. Swiss National Bank boosted its holdings in Curtiss-Wright by 0.7% during the fourth quarter. Swiss National Bank now owns 75,300 shares of the aerospace company’s stock worth $26,722,000 after buying an additional 500 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Curtiss-Wright by 40.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,882 shares of the aerospace company’s stock valued at $668,000 after purchasing an additional 541 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on CW. Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Finally, Truist Financial increased their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Price Performance

NYSE:CW opened at $331.30 on Thursday. The company has a market cap of $12.48 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.48 and a beta of 1.15. The firm’s fifty day moving average price is $338.23 and its two-hundred day moving average price is $345.29. Curtiss-Wright Co. has a one year low of $242.52 and a one year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

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 net margin of 12.98% and a return on equity of 17.11%. Equities analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced 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 0.25%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Activity

In other news, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the sale, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by company insiders.

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.