Daiwa Securities Group Inc. Has $4.21 Million Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Daiwa Securities Group Inc. grew its holdings in Curtiss-Wright Co. (NYSE:CW) by 1,694.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,863 shares of the aerospace company’s stock after acquiring an additional 11,202 shares during the period. Daiwa Securities Group Inc.’s holdings in Curtiss-Wright were worth $4,210,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Curtiss-Wright by 39.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,374 shares of the aerospace company’s stock worth $4,391,000 after purchasing an additional 3,522 shares in the last quarter. Frontier Asset Management LLC bought a new stake in shares of Curtiss-Wright during the 4th quarter worth about $204,000. Personal CFO Solutions LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at about $217,000. Amundi raised its stake in shares of Curtiss-Wright by 544.9% in the 4th quarter. Amundi now owns 18,985 shares of the aerospace company’s stock valued at $6,681,000 after acquiring an additional 16,041 shares in the last quarter. Finally, Callan Family Office LLC acquired a new stake in Curtiss-Wright in the 4th quarter worth approximately $223,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 1.1 %

NYSE CW opened at $314.41 on Thursday. Curtiss-Wright Co. has a twelve month low of $238.15 and a twelve month high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The stock has a market cap of $11.84 billion, a PE ratio of 29.80, a PEG ratio of 2.48 and a beta of 1.15. The firm has a 50-day simple moving average of $340.85 and a 200 day simple moving average of $344.95.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping 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%. On average, research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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 $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Insider Activity

In other news, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their position. The transaction was disclosed in a document filed 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 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 transaction, the insider now owns 18,405 shares of the company’s stock, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 116 shares of company stock worth $35,278 and sold 15,935 shares worth $5,528,147. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CW shares. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Citigroup began 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 on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Finally, 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 report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

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.