New Age Alpha Advisors LLC Acquires New Holdings in Curtiss-Wright Co. (NYSE:CW)

New Age Alpha Advisors LLC acquired a new stake in Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, Holdings Channel.com reports. The fund acquired 27,656 shares of the aerospace company’s stock, valued at approximately $9,814,000.

A number of other large investors have also modified their holdings of CW. Vanguard Group Inc. boosted its stake in shares of Curtiss-Wright by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock valued at $1,289,608,000 after buying an additional 15,890 shares in the last quarter. TD Asset Management Inc. raised its stake in Curtiss-Wright by 16.2% in the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock valued at $271,977,000 after purchasing an additional 107,115 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Curtiss-Wright by 3.9% during the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock valued at $240,606,000 after buying an additional 27,607 shares during the period. Norges Bank acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth $201,856,000. Finally, William Blair Investment Management LLC purchased a new stake in Curtiss-Wright in the 4th quarter valued at about $132,626,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, COO Kevin Rayment sold 2,664 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total transaction of $924,194.88. Following the completion of the sale, the chief operating officer now owns 24,236 shares in the company, valued at approximately $8,407,953.12. The trade was a 9.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the transaction, the chief executive officer now directly owns 42,887 shares in the company, valued at approximately $13,955,858.67. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Down 1.4 %

Shares of CW opened at $325.22 on Friday. Curtiss-Wright Co. has a 52-week low of $246.43 and a 52-week high of $393.40. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 30.83, a PEG 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. The stock has a fifty day moving average price of $335.14 and a two-hundred day moving average price of $346.14.

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

Curtiss-Wright Dividend Announcement

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

Analysts Set New Price Targets

CW has been the topic of several research reports. Citigroup began coverage on shares of 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 started coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Finally, Truist Financial boosted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright has an average 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.