Curtiss-Wright Co. (NYSE:CW) Shares Sold by Cadinha & Co. LLC

Cadinha & Co. LLC trimmed its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.3% during the fourth quarter, Holdings Channel reports. The firm owned 69,041 shares of the aerospace company’s stock after selling 241 shares during the period. Curtiss-Wright comprises about 4.1% of Cadinha & Co. LLC’s holdings, making the stock its 9th largest position. Cadinha & Co. LLC’s holdings in Curtiss-Wright were worth $24,501,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Curtiss-Wright by 32,425.8% in the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after purchasing an additional 403,701 shares during the period. Congress Asset Management Co. increased its position in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after acquiring an additional 265,205 shares during the period. World Investment Advisors LLC acquired a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $47,220,000. Allspring Global Investments Holdings LLC raised its stake in Curtiss-Wright by 91.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock valued at $58,543,000 after acquiring an additional 85,013 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Curtiss-Wright by 37.0% during the 2nd quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company’s stock worth $64,815,000 after acquiring an additional 64,619 shares during the period. Institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

CW has been the topic of a number of research analyst reports. Truist Financial raised their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley raised their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. Finally, Alembic Global Advisors assumed coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $383.00.

Curtiss-Wright Stock Performance

Shares of CW opened at $366.88 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The firm’s 50 day moving average is $363.91 and its 200-day moving average is $331.30. Curtiss-Wright Co. has a 12-month low of $220.90 and a 12-month high of $393.40. The stock has a market capitalization of $13.92 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.51 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a $0.21 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright 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 transaction, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 116 shares of company stock valued at $35,278. Corporate insiders own 0.55% of the company’s stock.

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.