434 Shares in Curtiss-Wright Co. (NYSE:CW) Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new stake in shares of Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 434 shares of the aerospace company’s stock, valued at approximately $155,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CW. Tidal Investments LLC boosted its holdings in shares of Curtiss-Wright by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 29 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Curtiss-Wright by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock worth $363,000 after purchasing an additional 37 shares during the period. OneDigital Investment Advisors LLC grew its stake in shares of Curtiss-Wright by 3.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 37 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in Curtiss-Wright by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock valued at $275,000 after purchasing an additional 37 shares during the period. Finally, Pathstone Holdings LLC grew its position in shares of Curtiss-Wright by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock valued at $1,442,000 after buying an additional 45 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $312.19 on Wednesday. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19. The company’s 50-day moving average is $346.26 and its 200 day moving average is $344.82. Curtiss-Wright Co. has a one year low of $236.31 and a one year high of $393.40. 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, 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%. Sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business 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 dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. Truist Financial raised their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Finally, Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.