Global Alpha Capital Management Ltd. Sells 93,730 Shares of Curtiss-Wright Co. (NYSE:CW)

Global Alpha Capital Management Ltd. trimmed its position in Curtiss-Wright Co. (NYSE:CW) by 52.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 83,637 shares of the aerospace company’s stock after selling 93,730 shares during the period. Curtiss-Wright accounts for approximately 2.2% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 23rd biggest position. Global Alpha Capital Management Ltd. owned 0.22% of Curtiss-Wright worth $29,680,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CW. YANKCOM Partnership acquired a new position in Curtiss-Wright in the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Curtiss-Wright during the third quarter worth about $53,000. UMB Bank n.a. increased its stake in shares of 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 buying an additional 64 shares during the period. Brooklyn Investment Group bought a new position in Curtiss-Wright in the 3rd quarter valued at approximately $59,000. Finally, Morse Asset Management Inc acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.3 %

Shares of NYSE:CW opened at $314.45 on Friday. The business’s 50-day moving average is $344.51 and its 200-day moving average is $344.45. Curtiss-Wright Co. has a 1 year low of $236.31 and a 1 year high of $393.40. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 2.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

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

Curtiss-Wright Dividend Announcement

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 $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial raised their price target 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. 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 report on Monday, November 18th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Finally, Citigroup started coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. Insiders own 0.67% of the company’s stock.

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.