Oakworth Capital Inc. Boosts Stock Position in Curtiss-Wright Co. (NYSE:CW)

Oakworth Capital Inc. lifted its position in shares of Curtiss-Wright Co. (NYSE:CW) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 513 shares of the aerospace company’s stock after buying an additional 89 shares during the period. Oakworth Capital Inc.’s holdings in Curtiss-Wright were worth $182,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Atomi Financial Group Inc. purchased a new position in shares of Curtiss-Wright during the fourth quarter worth approximately $239,000. Oppenheimer & Co. Inc. bought a new position in shares of Curtiss-Wright during the 3rd quarter valued at $542,000. Fisher Asset Management LLC raised its position in Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after purchasing an additional 5,437 shares during the period. MML Investors Services LLC lifted its stake in Curtiss-Wright by 21.8% in the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new stake in Curtiss-Wright during the fourth quarter valued at about $210,000. Institutional investors own 82.71% of the company’s stock.

Insider Activity

In related news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the sale, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kevin Rayment sold 2,664 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.92, for a total value of $924,194.88. Following the completion of the sale, the chief operating officer now directly owns 24,236 shares in the company, valued at approximately $8,407,953.12. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the topic of several analyst reports. Morgan Stanley lifted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective 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 target price on the stock. Citigroup initiated coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Finally, Stifel Nicolaus lowered shares of 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $350.33 on Friday. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 2.47 and a beta of 1.19. The stock has a fifty day moving average of $360.28 and a 200 day moving average of $338.68. Curtiss-Wright Co. has a 52 week low of $224.18 and a 52 week high of $393.40. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 annualized dividend and a dividend yield of 0.24%. Curtiss-Wright’s dividend payout ratio is 7.95%.

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.