Townsquare Capital LLC Acquires 1,095 Shares of Curtiss-Wright Co. (NYSE:CW)

Townsquare Capital LLC increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,239 shares of the aerospace company’s stock after acquiring an additional 1,095 shares during the quarter. Townsquare Capital LLC’s holdings in Curtiss-Wright were worth $8,247,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. YANKCOM Partnership bought a new position in shares of Curtiss-Wright during the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright during the 3rd quarter worth $53,000. UMB Bank n.a. raised 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 valued at $60,000 after acquiring an additional 64 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright during the 3rd quarter valued at $69,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Curtiss-Wright by 85.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock worth $82,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total transaction of $214,297.44. Following the transaction, the insider now owns 19,239 shares in the company, valued at approximately $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,797 shares of company stock valued at $7,436,255 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research report on Thursday. Truist Financial upped their price target 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $388.86.

Curtiss-Wright Stock Up 1.4 %

Shares of NYSE CW opened at $317.69 on Friday. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.48 and a beta of 1.03. 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 Co. has a 12 month low of $246.43 and a 12 month high of $393.40. The stock has a 50-day moving average price of $322.18 and a two-hundred day moving average price of $345.71.

Curtiss-Wright (NYSE:CW) last issued 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%. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright’s dividend payout ratio is currently 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.