Curtiss-Wright Co. (NYSE:CW) Shares Sold by Huntington National Bank

Huntington National Bank lessened its stake in Curtiss-Wright Co. (NYSE:CW) by 64.3% during the 4th quarter, HoldingsChannel reports. The firm owned 467 shares of the aerospace company’s stock after selling 842 shares during the quarter. Huntington National Bank’s holdings in Curtiss-Wright were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. YANKCOM Partnership purchased a new position in Curtiss-Wright during the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright during the 3rd quarter valued at approximately $53,000. UMB Bank n.a. grew its stake 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 during the period. Morse Asset Management Inc purchased a new stake in Curtiss-Wright in the 3rd quarter worth $69,000. Finally, Smartleaf Asset Management LLC raised its position in Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock worth $82,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Stock Down 6.4 %

CW stock opened at $283.63 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $327.23 and a two-hundred day moving average of $346.69. Curtiss-Wright Co. has a 12 month low of $246.43 and a 12 month high of $393.40. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last posted 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%. 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 declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 annualized dividend and a dividend yield of 0.30%. Curtiss-Wright’s payout ratio is 7.96%.

Wall Street Analysts Forecast Growth

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

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.