Assetmark Inc. Acquires 950 Shares of Curtiss-Wright Co. (NYSE:CW)

Assetmark Inc. grew its holdings in Curtiss-Wright Co. (NYSE:CW) by 16.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,779 shares of the aerospace company’s stock after acquiring an additional 950 shares during the quarter. Assetmark Inc.’s holdings in Curtiss-Wright were worth $2,406,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Curtiss-Wright in the third quarter valued at about $53,000. UMB Bank n.a. boosted its position 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 acquiring an additional 64 shares during the period. Brooklyn Investment Group bought a new stake in shares of Curtiss-Wright in the third quarter valued at about $59,000. Finally, Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright in the third quarter valued at about $69,000. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CW. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Finally, Citigroup began coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Stock Up 0.3 %

CW stock opened at $314.45 on Monday. The stock has a market capitalization of $11.84 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12 month low of $236.31 and a 12 month high of $393.40. The firm has a 50-day moving average price of $343.61 and a 200-day moving average price of $345.16.

Curtiss-Wright (NYSE:CW) last posted its 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, equities research analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed 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. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Activity

In other news, VP John C. Watts sold 622 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 2,453 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total value of $851,191.00. Following the completion of the transaction, the chief financial officer now directly owns 12,712 shares of the company’s stock, valued at $4,411,064. This represents a 16.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by 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.