Schonfeld Strategic Advisors LLC Takes Position in Curtiss-Wright Co. (NYSE:CW)

Schonfeld Strategic Advisors LLC purchased a new position in Curtiss-Wright Co. (NYSE:CW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,026 shares of the aerospace company's stock, valued at approximately $4,977,000.

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A number of other hedge funds also recently bought and sold shares of the business. YANKCOM Partnership bought a new stake in Curtiss-Wright in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Curtiss-Wright in the third quarter valued at $53,000. UMB Bank n.a. lifted its holdings in shares of Curtiss-Wright by 61.0% in the 4th 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. Altshuler Shaham Ltd purchased a new position in shares of Curtiss-Wright during the 4th quarter worth about $70,000. Finally, Smartleaf Asset Management LLC grew its holdings in Curtiss-Wright by 85.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock valued at $82,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Up 2.1 %

NYSE:CW opened at $357.48 on Friday. 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 cap of $13.46 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. The company has a 50-day moving average of $321.17 and a 200 day moving average of $344.97. Curtiss-Wright Co. has a 1-year low of $258.85 and a 1-year high of $393.40.

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Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.98% and a return on equity of 17.11%. As a group, research analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright's payout ratio is currently 7.96%.

Insider Buying and Selling at Curtiss-Wright

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In other news, VP John C. Watts sold 622 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer now owns 9,253 shares in the company, valued at approximately $3,238,550. This trade represents a 34.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,577 shares of company stock worth $9,109,255 over the last quarter. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

CW has been the subject of several recent analyst reports. Stifel Nicolaus dropped their target price 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. Citigroup cut their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Truist Financial decreased their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Curtiss-Wright has a consensus rating of "Moderate Buy" and a consensus price target of $377.43.

Read Our Latest Stock Analysis on Curtiss-Wright

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.

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