Shilanski & Associates Inc. Sells 422 Shares of Curtiss-Wright Co. (NYSE:CW)

Shilanski & Associates Inc. lessened its stake in Curtiss-Wright Co. (NYSE:CW) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,606 shares of the aerospace company’s stock after selling 422 shares during the quarter. Shilanski & Associates Inc.’s holdings in Curtiss-Wright were worth $1,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CW. Tsfg LLC raised its holdings in shares of Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after buying an additional 67 shares in the last quarter. UMB Bank n.a. grew its position in Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright during the third quarter worth about $53,000. Brooklyn Investment Group bought a new position in shares of Curtiss-Wright in the third quarter worth about $59,000. Finally, Quarry LP boosted its stake in shares of Curtiss-Wright by 176.9% in the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares in the company, valued at $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 116 shares of company stock valued at $35,278 over the last quarter. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CW shares. Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday. They issued a “buy” rating and a $410.00 price objective for the company. Morgan Stanley raised their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Truist Financial upped their target price on 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 assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Finally, Alembic Global Advisors started coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $383.47 on Friday. The stock has a market capitalization of $14.55 billion, a PE ratio of 36.28, a PEG ratio of 2.73 and a beta of 1.19. The business’s 50 day simple moving average is $363.76 and its 200 day simple moving average is $333.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright Co. has a one year low of $220.90 and a one year high of $393.40.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

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.