GHP Investment Advisors Inc. Reduces Stake in Curtiss-Wright Co. (NYSE:CW)

GHP Investment Advisors Inc. lowered its position in Curtiss-Wright Co. (NYSE:CW) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 54,467 shares of the aerospace company’s stock after selling 2,463 shares during the period. Curtiss-Wright makes up about 0.9% of GHP Investment Advisors Inc.’s portfolio, making the stock its 21st biggest holding. GHP Investment Advisors Inc.’s holdings in Curtiss-Wright were worth $19,329,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in shares of Curtiss-Wright during the 4th quarter worth $31,000. Tsfg LLC lifted its holdings in shares of Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 67 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $53,000. Finally, Brooklyn Investment Group purchased a new stake in Curtiss-Wright in the third quarter valued at approximately $59,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CW. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft started 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 for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the transaction, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now owns 5,072 shares of the company’s stock, valued at $1,760,237.60. The trade was a 10.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $351.17 on Thursday. The stock has a market cap of $13.33 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The company has a fifty day simple moving average of $360.70 and a 200-day simple moving average of $338.60. Curtiss-Wright Co. has a 12-month low of $224.18 and a 12-month high of $393.40. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

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.