Legal & General Group Plc Sells 861 Shares of Curtiss-Wright Co. (NYSE:CW)

Legal & General Group Plc lowered its position in shares of Curtiss-Wright Co. (NYSE:CW) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,534 shares of the aerospace company’s stock after selling 861 shares during the quarter. Legal & General Group Plc owned 0.21% of Curtiss-Wright worth $27,869,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright in the third quarter valued at about $69,000. MML Investors Services LLC grew its stake in Curtiss-Wright by 21.8% in the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock valued at $3,217,000 after purchasing an additional 1,754 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Curtiss-Wright by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock worth $240,606,000 after purchasing an additional 27,607 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $149,000. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Curtiss-Wright by 91.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,794 shares of the aerospace company’s stock valued at $590,000 after buying an additional 858 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup dropped their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research report on Thursday. Truist Financial upped their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $388.86.

Curtiss-Wright Stock Performance

CW opened at $317.69 on Monday. The business has a fifty day simple moving average of $322.18 and a 200 day simple moving average of $345.85. The company has a market capitalization of $11.96 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

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, 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%. Research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Activity

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the transaction, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at $617,953.59. This trade represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,797 shares of company stock worth $7,436,255. 0.67% of the stock is currently owned by corporate insiders.

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.