Cinctive Capital Management LP Invests $6.23 Million in Curtiss-Wright Co. (NYSE:CW)

Cinctive Capital Management LP purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 17,566 shares of the aerospace company’s stock, valued at approximately $6,234,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright in the 3rd quarter valued at $53,000. UMB Bank n.a. boosted its holdings in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 64 shares in the last quarter. Morse Asset Management Inc bought a new stake in Curtiss-Wright during the 3rd quarter worth $69,000. Finally, Smartleaf Asset Management LLC increased its holdings in Curtiss-Wright by 85.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock worth $82,000 after purchasing an additional 105 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CW. Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Finally, Truist Financial boosted their target price 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $322.75 on Wednesday. The stock’s 50 day moving average is $331.97 and its 200 day moving average is $347.13. Curtiss-Wright Co. has a one year low of $246.43 and a one year high of $393.40. The firm has a market cap of $12.15 billion, a P/E ratio of 30.59, 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.

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

Curtiss-Wright Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Insider Buying and Selling at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the business’s 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 completion of the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $2,875,205.43. Following the transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Insiders own 0.55% 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.