Rice Hall James & Associates LLC Sells 713 Shares of Curtiss-Wright Co. (NYSE:CW)

Rice Hall James & Associates LLC cut its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,184 shares of the aerospace company’s stock after selling 713 shares during the period. Rice Hall James & Associates LLC’s holdings in Curtiss-Wright were worth $1,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. bought a new stake in Curtiss-Wright during the fourth quarter worth $239,000. Oppenheimer & Co. Inc. bought a new stake in Curtiss-Wright during the third quarter worth $542,000. Fisher Asset Management LLC lifted its stake in Curtiss-Wright by 8.4% during the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after purchasing an additional 5,437 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Curtiss-Wright by 21.8% in the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock valued at $3,217,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Curtiss-Wright in the 4th quarter valued at $210,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Performance

NYSE CW opened at $325.13 on Wednesday. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.50 and a beta of 1.19. Curtiss-Wright Co. has a twelve month low of $232.82 and a twelve month high of $393.40. The stock has a fifty day simple moving average of $354.83 and a 200 day simple moving average of $342.60. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data 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 17.21% and a net margin of 13.20%. Sell-side analysts expect that Curtiss-Wright Co. will post 10.72 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright’s payout ratio is currently 7.95%.

Analyst Ratings Changes

CW has been the subject of a number of research reports. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Morgan Stanley increased their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Citigroup initiated coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Finally, Truist Financial increased their price target on 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Insiders Place Their Bets

In other news, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was 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 directly owns 18,405 shares in the company, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP John C. Watts sold 622 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders acquired 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Company 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.