Bahl & Gaynor Inc. Has $9.10 Million Position in Curtiss-Wright Co. (NYSE:CW)

Bahl & Gaynor Inc. lessened its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 21.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,642 shares of the aerospace company’s stock after selling 7,209 shares during the period. Bahl & Gaynor Inc.’s holdings in Curtiss-Wright were worth $9,100,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright during the 3rd quarter valued at $53,000. Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright during the 3rd quarter valued at $59,000. UMB Bank n.a. lifted its position in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 64 shares during the period. Finally, Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright during the 3rd quarter valued at $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $312.19 on Wednesday. The firm has a 50-day moving average of $346.26 and a 200-day moving average of $344.82. The company has a market cap of $11.76 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a one year low of $236.31 and a one year high of $393.40.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Equities research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.27%. Curtiss-Wright’s payout ratio is currently 7.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CW shares. Truist Financial boosted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Morgan Stanley upped their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Citigroup started coverage on shares of Curtiss-Wright in a 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 report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Finally, 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 report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the transaction, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the 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 transaction, the chief executive officer now owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. 0.67% of the stock is owned by company insiders.

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.