Sterling Capital Management LLC Purchases 2,522 Shares of Curtiss-Wright Co. (NYSE:CW)

Sterling Capital Management LLC raised its position in shares of Curtiss-Wright Co. (NYSE:CW) by 173.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,977 shares of the aerospace company’s stock after purchasing an additional 2,522 shares during the quarter. Sterling Capital Management LLC’s holdings in Curtiss-Wright were worth $1,411,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CW. YANKCOM Partnership purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $53,000. UMB Bank n.a. raised its position in shares of Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 64 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $69,000. Finally, Smartleaf Asset Management LLC grew its stake in Curtiss-Wright by 85.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock worth $82,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Stifel Nicolaus lowered their price objective on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday. Truist Financial boosted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup decreased their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Two investment 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $380.14.

Curtiss-Wright Stock Up 0.4 %

NYSE:CW opened at $318.05 on Tuesday. The firm has a 50-day simple moving average of $321.52 and a two-hundred day simple moving average of $345.80. The firm has a market cap of $11.98 billion, a P/E ratio of 30.15, a P/E/G ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a fifty-two week low of $246.43 and a fifty-two week 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.

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 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%. Analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.96%.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the transaction, the chief executive officer now owns 38,905 shares in the company, valued at $13,494,977.35. This 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 available at the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,797 shares of company stock valued at $7,436,255 over the last ninety days. Insiders own 0.67% of the company’s stock.

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.