Virtu Financial LLC Invests $229,000 in Curtiss-Wright Co. (NYSE:CW)

Virtu Financial LLC acquired a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 646 shares of the aerospace company’s stock, valued at approximately $229,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Pathstone Holdings LLC increased its stake in shares of Curtiss-Wright by 1.0% in the third quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock worth $1,442,000 after purchasing an additional 45 shares in the last quarter. Cerity Partners LLC grew its stake in Curtiss-Wright by 20.9% in the 3rd quarter. Cerity Partners LLC now owns 6,661 shares of the aerospace company’s stock worth $2,189,000 after buying an additional 1,152 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Curtiss-Wright by 144.8% in the third quarter. Daiwa Securities Group Inc. now owns 661 shares of the aerospace company’s stock valued at $217,000 after acquiring an additional 391 shares during the last quarter. FMR LLC boosted its holdings in shares of Curtiss-Wright by 27.7% in the 3rd quarter. FMR LLC now owns 160,065 shares of the aerospace company’s stock worth $52,612,000 after purchasing an additional 34,706 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Curtiss-Wright during the third quarter valued at approximately $59,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $316.74 on Friday. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40. The business has a fifty day moving average price of $334.14 and a 200-day moving average price of $346.27. The company has a market capitalization of $11.93 billion, a PE ratio of 30.02, 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 (NYSE:CW) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping 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 company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. Curtiss-Wright’s payout ratio is 7.96%.

Wall Street Analysts Forecast Growth

CW has been the topic of several analyst reports. Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Finally, Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Insider Buying and Selling

In other news, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction 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 trade represents a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by corporate insiders.

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.