TD Private Client Wealth LLC Decreases Stake in Curtiss-Wright Co. (NYSE:CW)

TD Private Client Wealth LLC trimmed its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 33.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,624 shares of the aerospace company’s stock after selling 807 shares during the quarter. TD Private Client Wealth LLC’s holdings in Curtiss-Wright were worth $576,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. YANKCOM Partnership bought a new position in Curtiss-Wright during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright during the third quarter worth about $53,000. UMB Bank n.a. lifted its position in shares of Curtiss-Wright by 61.0% during 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 last quarter. Brooklyn Investment Group acquired a new position in Curtiss-Wright in the third quarter worth about $59,000. Finally, Morse Asset Management Inc bought a new stake in Curtiss-Wright in the third quarter valued at about $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $336.56 on Tuesday. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40. The firm has a market capitalization of $12.67 billion, a PE ratio of 31.90, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The business’s fifty day moving average price is $336.99 and its two-hundred day moving average price is $346.08.

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

Curtiss-Wright Announces Dividend

The firm 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. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.96%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CW shares. Citigroup began coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price for the company. Truist Financial lifted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, 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 target price on the stock. Two equities research 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 stock presently has an average rating of “Moderate Buy” and an average price target of $386.86.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s 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 transaction, the insider now owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.67% of the stock is owned by company insiders.

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.