Plato Investment Management Ltd Acquires Shares of 434 Curtiss-Wright Co. (NYSE:CW)

Plato Investment Management Ltd purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, Holdings Channel reports. The fund purchased 434 shares of the aerospace company’s stock, valued at approximately $155,000.

A number of other institutional investors also recently bought and sold shares of CW. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright in the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright during the third quarter valued at approximately $53,000. Brooklyn Investment Group bought a new position in shares of Curtiss-Wright during the third quarter valued at approximately $59,000. UMB Bank n.a. increased its stake in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 64 shares during the period. Finally, Morse Asset Management Inc purchased a new position in Curtiss-Wright in the 3rd quarter worth about $69,000. 82.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CW has been the topic of several research analyst reports. Morgan Stanley increased 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. Citigroup initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. 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 initiated coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Finally, Truist Financial raised their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $312.19 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $346.26 and a 200 day moving average price of $344.82. Curtiss-Wright Co. has a 12-month low of $236.31 and a 12-month high of $393.40. The stock has a market cap of $11.76 billion, a P/E ratio of 29.59, a PEG ratio of 2.48 and a beta of 1.19.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 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%. Sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

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

Insider Buying and Selling

In related news, VP John C. Watts sold 622 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the sale, the vice president now directly owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly 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. In the last 90 days, insiders have bought 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is owned by corporate insiders.

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.