Primecap Management Co. CA Decreases Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Primecap Management Co. CA lessened its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 6.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 771,130 shares of the aerospace company’s stock after selling 51,360 shares during the period. Primecap Management Co. CA owned approximately 2.03% of Curtiss-Wright worth $273,651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CW. YANKCOM Partnership purchased a new stake in Curtiss-Wright during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright in the 3rd quarter valued at $53,000. Brooklyn Investment Group bought a new position in Curtiss-Wright in the 3rd quarter valued at $59,000. UMB Bank n.a. grew its position 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 last quarter. Finally, Morse Asset Management Inc bought a new position in Curtiss-Wright in the 3rd quarter valued at $69,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 1.9 %

Shares of NYSE:CW opened at $328.82 on Tuesday. Curtiss-Wright Co. has a 52-week low of $241.44 and a 52-week high of $393.40. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.48 and a beta of 1.15. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $339.13 and a 200-day moving average price of $345.33.

Curtiss-Wright (NYSE:CW) last announced its quarterly 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 return on equity of 17.11% and a net margin of 12.98%. Equities analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CW. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock. Citigroup assumed coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, 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 research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John C. Watts sold 622 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders purchased 116 shares of company stock worth $35,278 and sold 15,935 shares worth $5,528,147. 0.67% of the stock is owned by company insiders.

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.