Appleton Partners Inc. MA Buys Shares of 14,010 Curtiss-Wright Co. (NYSE:CW)

Appleton Partners Inc. MA purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,010 shares of the aerospace company’s stock, valued at approximately $4,972,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in Curtiss-Wright by 32,425.8% in the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after acquiring an additional 403,701 shares in the last quarter. Congress Asset Management Co. lifted its stake in shares of Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after purchasing an additional 265,205 shares during the period. World Investment Advisors LLC purchased a new stake in Curtiss-Wright during the third quarter worth about $47,220,000. Allspring Global Investments Holdings LLC grew its position in Curtiss-Wright by 91.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock worth $58,543,000 after buying an additional 85,013 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Curtiss-Wright by 29.0% in the third quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock valued at $88,847,000 after buying an additional 56,966 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This represents a 19.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO K Christopher Farkas sold 2,453 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total transaction of $851,191.00. Following the completion of the sale, the chief financial officer now owns 12,712 shares of the company’s stock, valued at approximately $4,411,064. The trade was a 16.18 % decrease in their ownership of the stock. 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 23,064 shares worth $8,157,322. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $354.87 on Friday. The firm’s 50-day moving average is $359.90 and its two-hundred day moving average is $339.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The stock has a market capitalization of $13.47 billion, a P/E ratio of 33.57, a P/E/G ratio of 2.47 and a beta of 1.19. Curtiss-Wright Co. has a 12-month low of $224.18 and a 12-month high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CW. Citigroup initiated coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Truist Financial boosted 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. Morgan Stanley raised their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

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.