Paradigm Asset Management Co. LLC Acquires Shares of 400 Curtiss-Wright Co. (NYSE:CW)

Paradigm Asset Management Co. LLC bought a new position in Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 400 shares of the aerospace company’s stock, valued at approximately $142,000.

A number of other institutional investors have also recently made changes to their positions in CW. YANKCOM Partnership bought a new position in Curtiss-Wright in the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright in the third quarter worth $53,000. Brooklyn Investment Group bought a new position in shares of Curtiss-Wright during the third quarter valued at $59,000. UMB Bank n.a. boosted its position in shares of Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after buying an additional 64 shares during the last quarter. Finally, Morse Asset Management Inc bought a new stake in Curtiss-Wright in the 3rd quarter worth about $69,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 622 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.67% of the stock is owned by corporate insiders.

Curtiss-Wright Trading Down 4.3 %

CW stock opened at $316.15 on Friday. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 2.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a 1-year low of $234.37 and a 1-year high of $393.40. The business has a 50 day simple moving average of $352.38 and a two-hundred day simple moving average of $342.82.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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%. Research analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CW shares. Citigroup initiated 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 on the stock. Truist Financial raised their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Stifel Nicolaus cut 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. Finally, Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price 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.