Greenwood Capital Associates LLC Cuts Holdings in Curtiss-Wright Co. (NYSE:CW)

Greenwood Capital Associates LLC decreased its position in Curtiss-Wright Co. (NYSE:CW) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,927 shares of the aerospace company’s stock after selling 403 shares during the period. Greenwood Capital Associates LLC’s holdings in Curtiss-Wright were worth $1,039,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after acquiring an additional 27,607 shares during the last quarter. Congress Asset Management Co. grew its position in shares of Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after purchasing an additional 265,205 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after purchasing an additional 403,701 shares during the period. Franklin Resources Inc. lifted its holdings in Curtiss-Wright by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after purchasing an additional 22,543 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Curtiss-Wright by 29.0% in the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock worth $88,847,000 after purchasing an additional 56,966 shares during the period. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of a number of recent analyst reports. Truist Financial increased their price target 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 report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Morgan Stanley lifted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $386.86.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have purchased 116 shares of company stock worth $35,278. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Up 0.1 %

Shares of CW opened at $345.24 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright Co. has a fifty-two week low of $220.90 and a fifty-two week high of $393.40. The firm has a 50 day moving average price of $361.69 and a 200-day moving average price of $338.02. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.47 and a beta of 1.19.

Curtiss-Wright Announces Dividend

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