Park Avenue Securities LLC Grows Position in Curtiss-Wright Co. (NYSE:CW)

Park Avenue Securities LLC boosted its stake in Curtiss-Wright Co. (NYSE:CW) by 23.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,615 shares of the aerospace company’s stock after buying an additional 1,054 shares during the quarter. Park Avenue Securities LLC’s holdings in Curtiss-Wright were worth $1,993,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tsfg LLC grew its stake in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the period. UMB Bank n.a. grew its stake in Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright in the 3rd quarter valued at $53,000. Brooklyn Investment Group bought a new position in Curtiss-Wright in the 3rd quarter valued at $59,000. Finally, Quarry LP grew its stake in Curtiss-Wright by 176.9% in the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 161 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 0.3 %

CW stock opened at $366.88 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.92 billion, a PE ratio of 34.71, a PEG ratio of 2.51 and a beta of 1.19. Curtiss-Wright Co. has a twelve month low of $220.90 and a twelve month high of $393.40. The stock has a 50-day simple moving average of $363.91 and a two-hundred day simple moving average of $331.30.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright’s payout ratio is presently 7.95%.

Analyst Ratings Changes

A number of research analysts have issued reports on CW shares. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Truist Financial increased their price target on 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 started coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Finally, Morgan Stanley increased their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $383.00.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the sale, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 116 shares of company stock valued at $35,278 in the last quarter. 0.55% 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.