Curtiss-Wright Co. (NYSE:CW) Stake Raised by Whittier Trust Co.

Whittier Trust Co. raised its holdings in Curtiss-Wright Co. (NYSE:CW) by 3.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 59,405 shares of the aerospace company’s stock after acquiring an additional 1,805 shares during the period. Whittier Trust Co.’s holdings in Curtiss-Wright were worth $21,080,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC lifted its holdings in shares of Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 29 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Curtiss-Wright by 0.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock valued at $1,178,000 after buying an additional 29 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after buying an additional 30 shares during the period. Cornerstone Investment Partners LLC increased its position in shares of Curtiss-Wright by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 32 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in shares of Curtiss-Wright by 3.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock valued at $382,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CW. Truist Financial lifted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Finally, Citigroup began 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $331.30 on Thursday. The firm has a market cap of $12.48 billion, a P/E ratio of 31.40, a PEG 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. Curtiss-Wright Co. has a fifty-two week low of $242.52 and a fifty-two week high of $393.40. The stock’s 50-day moving average is $338.23 and its two-hundred day moving average is $345.29.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data 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 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Insiders Place Their Bets

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John C. Watts sold 622 shares of Curtiss-Wright 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. This represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Company insiders own 0.67% of the company’s stock.

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.