Curtiss-Wright Co. (NYSE:CW) Stake Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in Curtiss-Wright Co. (NYSE:CW) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,190 shares of the aerospace company’s stock after selling 1,939 shares during the period. Charles Schwab Investment Management Inc. owned about 0.63% of Curtiss-Wright worth $84,172,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CW. Atomi Financial Group Inc. acquired a new position in Curtiss-Wright in the 4th quarter worth about $239,000. Truist Financial Corp increased its position in Curtiss-Wright by 6.2% in the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock worth $5,050,000 after purchasing an additional 825 shares during the last quarter. Athena Investment Management acquired a new position in Curtiss-Wright in the 4th quarter worth about $302,000. Oppenheimer & Co. Inc. acquired a new position in Curtiss-Wright in the 3rd quarter worth about $542,000. Finally, Fisher Asset Management LLC increased its position in Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after purchasing an additional 5,437 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $304.47 on Tuesday. 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 firm has a market cap of $11.47 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 2.48 and a beta of 1.15. The business’s 50-day simple moving average is $342.55 and its 200-day simple moving average is $345.16. Curtiss-Wright Co. has a 52 week low of $236.31 and a 52 week high of $393.40.

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

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares of the company’s stock, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial upped their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Finally, Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Profile

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.