Seizert Capital Partners LLC Has $34.95 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

Seizert Capital Partners LLC lowered its holdings in Curtiss-Wright Co. (NYSE:CW) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 98,495 shares of the aerospace company’s stock after selling 1,664 shares during the period. Seizert Capital Partners LLC’s holdings in Curtiss-Wright were worth $34,953,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright during the fourth quarter worth approximately $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. raised its holdings in shares of Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. Brooklyn Investment Group bought a new stake in Curtiss-Wright during the 3rd quarter worth about $59,000. Finally, Morse Asset Management Inc bought a new stake in Curtiss-Wright during the third quarter worth about $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Trading Down 1.0 %

Shares of CW opened at $312.19 on Wednesday. The firm has a fifty day simple moving average of $346.26 and a two-hundred day simple moving average of $344.82. The stock has a market capitalization of $11.76 billion, a P/E ratio of 29.59, a PEG ratio of 2.48 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $236.31 and a twelve month high of $393.40.

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

Curtiss-Wright Announces Dividend

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. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.96%.

Analyst Ratings Changes

CW has been the subject of several recent analyst reports. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Truist Financial increased their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Finally, Citigroup initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP John C. Watts sold 622 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at $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. In the last quarter, insiders have acquired 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. Company insiders own 0.67% of the company’s stock.

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.