Two Sigma Securities LLC Buys New Shares in Curtiss-Wright Co. (NYSE:CW)

Two Sigma Securities LLC bought a new stake in Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 897 shares of the aerospace company’s stock, valued at approximately $318,000.

Other hedge funds have also added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright in the third quarter valued at $53,000. UMB Bank n.a. lifted its stake in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 64 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Curtiss-Wright in the third quarter valued at $69,000. Finally, Altshuler Shaham Ltd acquired a new stake in Curtiss-Wright in the fourth quarter valued at $70,000. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup cut their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Truist Financial cut their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, Stifel Nicolaus cut their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $377.43.

Curtiss-Wright Price Performance

NYSE:CW opened at $338.42 on Tuesday. Curtiss-Wright Co. has a 52 week low of $250.97 and a 52 week high of $393.40. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 2.48 and a beta of 1.03. The firm’s 50-day simple moving average is $318.77 and its 200 day simple moving average is $344.92. 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 released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS 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%. As a group, sell-side analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.25%. The ex-dividend date was Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at $617,953.59. This trade represents a 7.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,797 shares of company stock valued at $7,436,255 in the last ninety days. 0.55% of the stock is currently owned by company insiders.

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.