Huntington National Bank Reduces Holdings in Curtiss-Wright Co. (NYSE:CW)

Huntington National Bank decreased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 64.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 467 shares of the aerospace company’s stock after selling 842 shares during the period. Huntington National Bank’s holdings in Curtiss-Wright were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CW. FMR LLC lifted its stake in shares of Curtiss-Wright by 27.7% during the 3rd quarter. FMR LLC now owns 160,065 shares of the aerospace company’s stock worth $52,612,000 after acquiring an additional 34,706 shares during the last quarter. Walleye Capital LLC purchased a new stake in Curtiss-Wright in the 3rd quarter valued at about $275,000. Benjamin Edwards Inc. boosted its holdings in shares of Curtiss-Wright by 33.7% in the third quarter. Benjamin Edwards Inc. now owns 2,192 shares of the aerospace company’s stock valued at $721,000 after purchasing an additional 553 shares during the period. Hilltop Holdings Inc. bought a new stake in Curtiss-Wright during the 3rd quarter valued at $414,000. Finally, HighTower Advisors LLC lifted its holdings in shares of Curtiss-Wright by 16.9% in the 3rd quarter. HighTower Advisors LLC now owns 12,794 shares of the aerospace company’s stock worth $4,216,000 after buying an additional 1,849 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the completion of the sale, the chief executive officer now owns 42,887 shares of the company’s stock, valued at approximately $13,955,858.67. The trade was a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John C. Watts sold 622 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Trading Down 6.4 %

NYSE CW opened at $283.63 on Friday. Curtiss-Wright Co. has a 52 week low of $246.43 and a 52 week high of $393.40. The company has a 50 day moving average price of $327.23 and a 200 day moving average price of $346.69. 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 firm has a market cap of $10.68 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.96%.

Analysts Set New Price Targets

Several analysts recently weighed in on CW shares. Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. 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 target for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Company 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.