Advantage Alpha Capital Partners LP Reduces Position in Curtiss-Wright Co. (NYSE:CW)

Advantage Alpha Capital Partners LP decreased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 8.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,032 shares of the aerospace company’s stock after selling 1,150 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Curtiss-Wright were worth $4,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Curtiss-Wright in the third quarter valued at about $53,000. Brooklyn Investment Group purchased a new position in Curtiss-Wright during the third quarter worth about $59,000. UMB Bank n.a. lifted its position in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $69,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CW. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Finally, Truist Financial raised their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $325.62 on Monday. Curtiss-Wright Co. has a fifty-two week low of $246.43 and a fifty-two week high of $393.40. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.48 and a beta of 1.15. The stock has a fifty day moving average of $337.26 and a two-hundred day moving average of $345.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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 paid a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright’s payout ratio is currently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In related news, 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 value of $215,865.10. Following the sale, the vice president now directly owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction 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 $13,494,977.35. This trade represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. 0.67% of the stock is currently owned by insiders.

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.