Bank of America Corp DE trimmed its position in shares of Curtiss-Wright Co. (NYSE:CW – Get Rating) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 225,274 shares of the aerospace company’s stock after selling 4,671 shares during the quarter. Bank of America Corp DE owned about 0.59% of Curtiss-Wright worth $37,618,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CW. Benjamin Edwards Inc. bought a new position in shares of Curtiss-Wright in the 4th quarter worth approximately $28,000. Covestor Ltd raised its stake in Curtiss-Wright by 91.3% during the 1st quarter. Covestor Ltd now owns 350 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 167 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $54,000. Fifth Third Bancorp raised its position in shares of Curtiss-Wright by 208.2% during the fourth quarter. Fifth Third Bancorp now owns 715 shares of the aerospace company’s stock valued at $119,000 after buying an additional 483 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Curtiss-Wright by 9.9% during the fourth quarter. Van ECK Associates Corp now owns 1,148 shares of the aerospace company’s stock valued at $192,000 after buying an additional 103 shares during the last quarter. 84.95% of the stock is owned by hedge funds and other institutional investors.
Curtiss-Wright Stock Performance
Shares of Curtiss-Wright stock opened at $174.87 on Friday. The company has a market capitalization of $6.70 billion, a PE ratio of 21.75 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.37 and a current ratio of 2.15. The company has a 50-day simple moving average of $168.52 and a two-hundred day simple moving average of $169.42. Curtiss-Wright Co. has a one year low of $124.37 and a one year high of $182.55.
Curtiss-Wright Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 16th will be paid a dividend of $0.20 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Curtiss-Wright’s payout ratio is presently 9.45%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. William Blair assumed coverage on shares of Curtiss-Wright in a report on Friday, May 19th. They issued an “outperform” rating for the company. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $196.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Truist Financial boosted 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, StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $186.80.
Insider Activity at Curtiss-Wright
In related news, COO Kevin Rayment sold 1,055 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $171.00, for a total value of $180,405.00. Following the sale, the chief operating officer now owns 16,849 shares in the company, valued at $2,881,179. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Lynn M. Bamford sold 1,337 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $171.10, for a total transaction of $228,760.70. Following the completion of the transaction, the chief executive officer now directly owns 18,998 shares of the company’s stock, valued at approximately $3,250,557.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Kevin Rayment sold 1,055 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $171.00, for a total value of $180,405.00. Following the transaction, the chief operating officer now directly owns 16,849 shares of the company’s stock, valued at $2,881,179. The disclosure for this sale can be found here. Insiders have sold a total of 2,525 shares of company stock worth $431,918 over the last quarter. Insiders own 0.67% of the company’s stock.
About Curtiss-Wright
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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