Freestone Grove Partners LP Acquires New Shares in Curtiss-Wright Co. (NYSE:CW)

Freestone Grove Partners LP bought a new position in Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,407 shares of the aerospace company’s stock, valued at approximately $1,209,000.

Several other large investors have also recently bought and sold shares of CW. Atomi Financial Group Inc. acquired a new stake in Curtiss-Wright in the fourth quarter valued at $239,000. Truist Financial Corp lifted its stake in shares of Curtiss-Wright by 6.2% in the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock worth $5,050,000 after acquiring an additional 825 shares during the period. Athena Investment Management bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $302,000. Daiwa Securities Group Inc. increased its position in Curtiss-Wright by 1,694.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company’s stock valued at $4,210,000 after purchasing an additional 11,202 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Curtiss-Wright by 28.9% during the 4th quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company’s stock worth $54,519,000 after purchasing an additional 34,489 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Trading Up 2.1 %

NYSE CW opened at $357.48 on Friday. 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 Co. has a 52 week low of $258.85 and a 52 week high of $393.40. The business has a 50 day moving average price of $321.17 and a 200-day moving average price of $344.97. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 2.48 and a beta of 1.03.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate 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 analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Truist Financial decreased their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus cut their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Finally, Citigroup decreased their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.43.

Insider Activity

In related news, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares of the company’s stock, valued at approximately $3,238,550. This trade represents a 34.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,577 shares of company stock valued at $9,109,255 over the last three months. Corporate insiders own 0.55% 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.