Sanctuary Advisors LLC Reduces Position in Curtiss-Wright Co. (NYSE:CW)

Sanctuary Advisors LLC trimmed its stake in Curtiss-Wright Co. (NYSE:CW) by 16.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,505 shares of the aerospace company’s stock after selling 289 shares during the period. Sanctuary Advisors LLC’s holdings in Curtiss-Wright were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CW. Principal Financial Group Inc. grew its holdings in Curtiss-Wright by 170.2% during the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock valued at $92,065,000 after purchasing an additional 163,433 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after buying an additional 160,395 shares during the period. World Investment Advisors LLC bought a new position in shares of Curtiss-Wright in the third quarter worth about $47,220,000. Van ECK Associates Corp raised its stake in shares of Curtiss-Wright by 31.3% in the fourth quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company’s stock worth $118,203,000 after buying an additional 79,362 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of Curtiss-Wright in the fourth quarter worth about $13,395,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CW shares. Morgan Stanley raised their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research report on Monday, November 18th. Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Finally, Truist Financial lifted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $322.24 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market cap of $12.14 billion, a P/E ratio of 30.54, a P/E/G ratio of 2.48 and a beta of 1.19. The firm’s fifty day moving average is $348.05 and its two-hundred day moving average is $344.33. Curtiss-Wright Co. has a 52-week low of $234.49 and a 52-week high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Insiders Place Their Bets

In other news, VP John C. Watts sold 622 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have bought 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. Corporate 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.