Marks Group Wealth Management Inc Lowers Position in Curtiss-Wright Co. (NYSE:CW)

Marks Group Wealth Management Inc decreased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,954 shares of the aerospace company’s stock after selling 1,385 shares during the period. Curtiss-Wright comprises 0.9% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 22nd biggest holding. Marks Group Wealth Management Inc’s holdings in Curtiss-Wright were worth $9,565,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. YANKCOM Partnership acquired a new stake in Curtiss-Wright during the fourth quarter valued at $31,000. Tsfg LLC raised its position in shares of Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 67 shares during the period. UMB Bank n.a. boosted its stake in shares of Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright during the 3rd quarter valued at about $53,000. Finally, Brooklyn Investment Group purchased a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $59,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the transaction, the insider now owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John C. Watts sold 622 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by company insiders.

Curtiss-Wright Trading Down 0.8 %

Shares of CW stock opened at $350.18 on Wednesday. Curtiss-Wright Co. has a fifty-two week low of $225.33 and a fifty-two week high of $393.40. 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 stock’s fifty day moving average is $359.19 and its two-hundred day moving average is $341.02. The firm has a market capitalization of $13.29 billion, a P/E ratio of 33.13, a PEG ratio of 2.50 and a beta of 1.19.

Curtiss-Wright Announces Dividend

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

Analysts Set New Price Targets

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

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.