Beese Fulmer Investment Management Inc. Sells 128 Shares of Curtiss-Wright Co. (NYSE:CW)

Beese Fulmer Investment Management Inc. lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.9% during the fourth quarter, HoldingsChannel reports. The fund owned 14,758 shares of the aerospace company’s stock after selling 128 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Curtiss-Wright were worth $5,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Creative Planning grew its position in Curtiss-Wright by 8.8% during the second quarter. Creative Planning now owns 2,778 shares of the aerospace company’s stock worth $753,000 after buying an additional 224 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $238,000. GAMMA Investing LLC raised its stake in shares of Curtiss-Wright by 88.5% in the third quarter. GAMMA Investing LLC now owns 509 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 239 shares in the last quarter. CWM LLC lifted its position in Curtiss-Wright by 84.7% in the third quarter. CWM LLC now owns 1,228 shares of the aerospace company’s stock worth $404,000 after purchasing an additional 563 shares during the period. Finally, UMB Bank n.a. boosted its stake in Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after buying an additional 79 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CW has been the subject of a number of analyst reports. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective on the stock. Truist Financial raised their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Morgan Stanley upped their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Citigroup initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $215,865.10. Following the completion of the transaction, 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. In the last ninety days, insiders have bought 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $350.33 on Friday. Curtiss-Wright Co. has a twelve month low of $224.18 and a twelve month high of $393.40. The firm has a market cap of $13.29 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The business has a fifty day moving average of $360.28 and a 200-day moving average of $338.68.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, March 27th. 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.