KLP Kapitalforvaltning AS Invests $3.51 Million in Curtiss-Wright Co. (NYSE:CW)

KLP Kapitalforvaltning AS purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,900 shares of the aerospace company’s stock, valued at approximately $3,513,000.

Several other institutional investors have also recently bought and sold shares of the business. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright in the 3rd quarter valued at $53,000. Brooklyn Investment Group acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $59,000. UMB Bank n.a. raised its position in shares of Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 64 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright during the third quarter valued at $69,000. Institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CW. Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Citigroup began 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 on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Stock Down 2.7 %

Shares of NYSE:CW opened at $330.23 on Thursday. The company has a 50 day moving average price of $335.95 and a two-hundred day moving average price of $346.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market capitalization of $12.44 billion, a PE ratio of 31.30, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 52 week low of $246.43 and a 52 week high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data 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%. Analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 3,131 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the transaction, the chief executive officer now directly owns 42,887 shares of the company’s stock, valued at approximately $13,955,858.67. This represents a 6.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the sale, the insider now directly owns 19,239 shares in the company, valued at $6,265,757.52. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is owned by company insiders.

About Curtiss-Wright

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.