Lindenwold Advisors INC Lowers Holdings in Curtiss-Wright Co. (NYSE:CW)

Lindenwold Advisors INC lessened its stake in Curtiss-Wright Co. (NYSE:CW) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,786 shares of the aerospace company’s stock after selling 106 shares during the quarter. Lindenwold Advisors INC’s holdings in Curtiss-Wright were worth $989,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CW. Xponance Inc. boosted its holdings in Curtiss-Wright by 4.7% during the fourth quarter. Xponance Inc. now owns 4,320 shares of the aerospace company’s stock worth $1,533,000 after buying an additional 194 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Curtiss-Wright by 437.3% during the 4th quarter. Intech Investment Management LLC now owns 6,544 shares of the aerospace company’s stock valued at $2,322,000 after acquiring an additional 5,326 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Curtiss-Wright by 1.5% in the 4th quarter. Advisors Asset Management Inc. now owns 14,725 shares of the aerospace company’s stock valued at $5,225,000 after purchasing an additional 218 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Curtiss-Wright by 41.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 22,086 shares of the aerospace company’s stock worth $7,837,000 after purchasing an additional 6,477 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in Curtiss-Wright during the fourth quarter worth approximately $132,626,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction dated 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 directly owns 19,239 shares of the company’s stock, valued at $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 John C. Watts sold 622 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $323.81 on Wednesday. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 52 week low of $241.44 and a 52 week high of $393.40. The firm has a 50-day simple moving average of $338.64 and a 200-day simple moving average of $345.39. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, equities analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

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.