American Century Companies Inc. Sells 110,416 Shares of Curtiss-Wright Co. (NYSE:CW)

American Century Companies Inc. cut its holdings in Curtiss-Wright Co. (NYSE:CW) by 20.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 437,256 shares of the aerospace company’s stock after selling 110,416 shares during the period. American Century Companies Inc.’s holdings in Curtiss-Wright were worth $155,169,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of Curtiss-Wright by 2.6% during the third 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 during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Curtiss-Wright by 0.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock valued at $1,178,000 after acquiring an additional 29 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Curtiss-Wright by 10.6% during the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock valued at $111,000 after acquiring an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC raised its stake in shares of Curtiss-Wright by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 32 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in shares of Curtiss-Wright by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock valued at $275,000 after acquiring an additional 37 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP George P. Mcdonald sold 148 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 622 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW opened at $325.62 on Friday. The stock has a market cap of $12.26 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. 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 Co. has a fifty-two week low of $246.43 and a fifty-two week high of $393.40. The firm’s 50-day simple moving average is $337.26 and its two-hundred day simple moving average is $345.53.

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

Curtiss-Wright Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About Curtiss-Wright

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.