Curtiss-Wright Co. (NYSE:CW) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its position in Curtiss-Wright Co. (NYSE:CW) by 31.8% in the 4th quarter, Holdings Channel reports. The firm owned 30,842 shares of the aerospace company’s stock after selling 14,400 shares during the quarter. First Eagle Investment Management LLC’s holdings in Curtiss-Wright were worth $10,945,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CW. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth $53,000. UMB Bank n.a. increased its stake 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 during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth $59,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CW. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Truist Financial raised their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Finally, Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 116 shares of company stock valued at $35,278 and sold 15,935 shares valued at $5,528,147. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Performance

NYSE CW opened at $322.52 on Friday. The company has a market cap of $12.15 billion, a P/E ratio of 30.57, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The stock has a 50-day moving average of $339.57 and a two-hundred day moving average of $344.79. Curtiss-Wright Co. has a 1-year low of $239.78 and a 1-year high of $393.40.

Curtiss-Wright (NYSE:CW) last released 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 return on equity of 17.11% and a net margin of 12.98%. As a group, analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a $0.21 dividend. 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%.

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.