First Hawaiian Bank decreased its stake in shares of Curtiss-Wright Co. (NYSE:CW – Get Rating) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,253 shares of the aerospace company’s stock after selling 80 shares during the period. First Hawaiian Bank’s holdings in Curtiss-Wright were worth $877,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. acquired a new position in Curtiss-Wright during the 4th quarter valued at about $9,647,000. State of Alaska Department of Revenue lifted its stake in Curtiss-Wright by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 31,405 shares of the aerospace company’s stock valued at $5,243,000 after acquiring an additional 85 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Curtiss-Wright in the third quarter worth $2,551,000. Advisory Research Inc. raised its stake in Curtiss-Wright by 57.4% during the 3rd quarter. Advisory Research Inc. now owns 6,741 shares of the aerospace company’s stock valued at $938,000 after purchasing an additional 2,458 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Curtiss-Wright by 59.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 41,733 shares of the aerospace company’s stock valued at $5,808,000 after buying an additional 15,600 shares during the period. Institutional investors and hedge funds own 84.95% of the company’s stock.
Curtiss-Wright Trading Down 1.9 %
Shares of CW opened at $168.34 on Thursday. Curtiss-Wright Co. has a fifty-two week low of $124.37 and a fifty-two week high of $182.55. The business has a 50-day moving average of $169.41 and a 200 day moving average of $164.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.56. The firm has a market cap of $6.44 billion, a P/E ratio of 22.12 and a beta of 1.24.
Curtiss-Wright Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, March 30th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 9.99%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CW. StockNews.com started coverage on shares of Curtiss-Wright in a research report on Thursday, March 16th. They set a “buy” rating on the stock. Truist Financial raised their target price on shares of Curtiss-Wright from $183.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Finally, Morgan Stanley downgraded Curtiss-Wright from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $187.00 to $188.00 in a report on Monday, December 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.80.
Insiders Place Their Bets
In related news, VP John C. Watts sold 492 shares of the stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $169.40, for a total transaction of $83,344.80. Following the completion of the sale, the vice president now owns 3,369 shares in the company, valued at $570,708.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Curtiss-Wright news, VP John C. Watts sold 492 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $169.40, for a total transaction of $83,344.80. Following the transaction, the vice president now directly owns 3,369 shares in the company, valued at approximately $570,708.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 1,337 shares of the firm’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $171.10, for a total value of $228,760.70. Following the completion of the sale, the chief executive officer now directly owns 18,998 shares of the company’s stock, valued at approximately $3,250,557.80. The disclosure for this sale can be found here. Insiders sold a total of 8,586 shares of company stock worth $1,459,205 over the last quarter. 0.62% of the stock is currently owned by corporate insiders.
Curtiss-Wright Company Profile
Curtiss-Wright Corp. is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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