Sei Investments Co. Sells 1,969 Shares of Curtiss-Wright Co. (NYSE:CW)

Sei Investments Co. decreased its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 84,028 shares of the aerospace company’s stock after selling 1,969 shares during the period. Sei Investments Co. owned 0.22% of Curtiss-Wright worth $29,819,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC lifted its position in Curtiss-Wright by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock worth $1,442,000 after acquiring an additional 45 shares during the last quarter. Citigroup Inc. boosted its stake in Curtiss-Wright by 6.4% during the 3rd quarter. Citigroup Inc. now owns 56,058 shares of the aerospace company’s stock valued at $18,426,000 after purchasing an additional 3,362 shares during the period. Cerity Partners LLC boosted its stake in Curtiss-Wright by 20.9% during the 3rd quarter. Cerity Partners LLC now owns 6,661 shares of the aerospace company’s stock valued at $2,189,000 after purchasing an additional 1,152 shares during the period. Daiwa Securities Group Inc. grew its holdings in Curtiss-Wright by 144.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 661 shares of the aerospace company’s stock valued at $217,000 after buying an additional 391 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after buying an additional 5,437 shares during the period. 82.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was 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. This trade represents a 17.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now owns 1,899 shares of the company’s stock, valued at $617,953.59. The trade was a 7.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Up 1.0 %

NYSE CW opened at $339.69 on Wednesday. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.48 and a beta of 1.15. The stock’s 50 day moving average is $336.59 and its two-hundred day moving average is $346.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results 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 return on equity of 17.11% and a net margin of 12.98%. Equities analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently declared 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. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 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.