Wellington Shields Capital Management LLC Acquires New Shares in Curtiss-Wright Co. (NYSE:CW)

Wellington Shields Capital Management LLC bought a new position in Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,550 shares of the aerospace company’s stock, valued at approximately $1,260,000.

A number of other hedge funds have also added to or reduced their stakes in CW. YANKCOM Partnership bought a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright in the 3rd quarter valued at $53,000. Brooklyn Investment Group bought a new position in shares of Curtiss-Wright in the third quarter worth $59,000. UMB Bank n.a. boosted its stake in Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after buying an additional 64 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of Curtiss-Wright during the third quarter worth about $69,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CW. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Truist Financial increased their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Citigroup started coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Finally, Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Activity

In other news, CFO K Christopher Farkas sold 2,453 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total value of $851,191.00. Following the transaction, the chief financial officer now owns 12,712 shares in the company, valued at approximately $4,411,064. This represents a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John C. Watts sold 622 shares of the business’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 transaction of $215,865.10. Following the completion of the transaction, the vice president now owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 116 shares of company stock worth $35,278 and sold 15,935 shares worth $5,528,147. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $314.08 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $340.85 and its two-hundred day simple moving average is $344.95. The firm has a market cap of $11.83 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 12-month low of $238.81 and a 12-month high of $393.40.

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

Curtiss-Wright Dividend Announcement

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 paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is 7.96%.

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.