Amundi Purchases 16,041 Shares of Curtiss-Wright Co. (NYSE:CW)

Amundi increased its position in Curtiss-Wright Co. (NYSE:CW) by 544.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,985 shares of the aerospace company’s stock after buying an additional 16,041 shares during the quarter. Amundi owned 0.05% of Curtiss-Wright worth $6,681,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Callan Family Office LLC bought a new position in Curtiss-Wright during the 4th quarter valued at approximately $223,000. Raymond James Financial Inc. bought a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $31,497,000. Arizona State Retirement System boosted its holdings in Curtiss-Wright by 0.8% in the fourth quarter. Arizona State Retirement System now owns 11,115 shares of the aerospace company’s stock valued at $3,944,000 after acquiring an additional 86 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Curtiss-Wright during the 4th quarter valued at $15,637,000. Finally, Atria Investments Inc raised its holdings in Curtiss-Wright by 20.9% in the 4th quarter. Atria Investments Inc now owns 4,524 shares of the aerospace company’s stock worth $1,605,000 after purchasing an additional 781 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the transaction, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John C. Watts sold 622 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the sale, the vice president now owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 15,935 shares valued at $5,528,147. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $322.52 on Friday. The company has a market capitalization of $12.15 billion, a PE ratio of 30.57, a PEG ratio of 2.48 and a beta of 1.15. 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 Co. has a 1-year low of $241.44 and a 1-year high of $393.40. The business has a fifty day moving average price of $339.57 and a 200-day moving average price of $345.00.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 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%. As a group, equities analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CW. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. 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. Citigroup assumed coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price for the company. Finally, 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 on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

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.