Diametric Capital LP Reduces Holdings in Curtiss-Wright Co. (NYSE:CW)

Diametric Capital LP cut its position in Curtiss-Wright Co. (NYSE:CW) by 37.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,123 shares of the aerospace company’s stock after selling 670 shares during the quarter. Diametric Capital LP’s holdings in Curtiss-Wright were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Curtiss-Wright during the fourth quarter valued at about $201,856,000. William Blair Investment Management LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth approximately $132,626,000. TimesSquare Capital Management LLC increased its stake in shares of Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after buying an additional 166,672 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Curtiss-Wright by 170.2% in the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock valued at $92,065,000 after acquiring an additional 163,433 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after acquiring an additional 160,395 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CW. Citigroup assumed 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. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Finally, Truist Financial upped 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $317.44 on Tuesday. The company has a market cap of $11.95 billion, a P/E ratio of 30.09, a PEG ratio of 2.48 and a beta of 1.15. The business has a 50 day moving average of $333.15 and a two-hundred day moving average of $347.04. Curtiss-Wright Co. has a 52 week low of $246.43 and a 52 week high of $393.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company 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. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Insider Activity at Curtiss-Wright

In related news, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the business’s stock in a transaction on 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 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 ninety days, insiders have bought 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Company 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.