Mariner LLC Acquires 268 Shares of Curtiss-Wright Co. (NYSE:CW)

Mariner LLC lifted its holdings in Curtiss-Wright Co. (NYSE:CW) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,508 shares of the aerospace company’s stock after acquiring an additional 268 shares during the quarter. Mariner LLC’s holdings in Curtiss-Wright were worth $1,245,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Morse Asset Management Inc purchased a new stake in Curtiss-Wright during the 3rd quarter valued at about $69,000. World Investment Advisors LLC purchased a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $47,220,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $53,000. Tidal Investments LLC grew its holdings in shares of Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 29 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after buying an additional 22,543 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial cut their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Citigroup cut their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Stifel Nicolaus lowered their price target on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $377.43.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now directly owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 658 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the completion of the transaction, the insider now owns 19,239 shares in the company, valued at approximately $6,265,757.52. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,797 shares of company stock valued at $7,436,255 in the last three months. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW opened at $339.01 on Friday. The company has a 50-day simple moving average of $318.71 and a two-hundred day simple moving average of $344.94. 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 firm has a market capitalization of $12.77 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a one year low of $250.97 and a one year high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results 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 return on equity of 17.11% and a net margin of 12.98%. On average, analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. Curtiss-Wright’s 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.