Viawealth LLC Sells 374 Shares of Curtiss-Wright Co. (NYSE:CW)

Viawealth LLC reduced its holdings in Curtiss-Wright Co. (NYSE:CW) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,874 shares of the aerospace company’s stock after selling 374 shares during the quarter. Viawealth LLC’s holdings in Curtiss-Wright were worth $1,020,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Tidal Investments LLC increased its stake in shares of Curtiss-Wright by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 29 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Curtiss-Wright by 0.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock worth $1,178,000 after acquiring an additional 29 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Investment Partners LLC increased its stake in shares of Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 32 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Curtiss-Wright by 3.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after acquiring an additional 37 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $331.30 on Thursday. The firm’s 50-day moving average price is $338.23 and its 200-day moving average price is $345.29. Curtiss-Wright Co. has a 52-week low of $242.52 and a 52-week high of $393.40. The company has a market cap of $12.48 billion, a PE ratio of 31.40, a PEG ratio of 2.48 and a beta of 1.15. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last announced 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, analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CW shares. Truist Financial increased their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of 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 assumed coverage on shares of Curtiss-Wright in a research note 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Transactions at Curtiss-Wright

In related news, VP George P. Mcdonald sold 148 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lynn M. Bamford sold 3,131 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the sale, the chief executive officer now owns 42,887 shares of the company’s stock, valued at $13,955,858.67. This trade represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. Company insiders own 0.67% of the company’s stock.

About Curtiss-Wright

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.