ArrowMark Colorado Holdings LLC Decreases Stake in Curtiss-Wright Co. (NYSE:CW)

ArrowMark Colorado Holdings LLC lessened its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,931 shares of the aerospace company's stock after selling 40,713 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.54% of Curtiss-Wright worth $72,724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Atomi Financial Group Inc. bought a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $239,000. Truist Financial Corp raised its holdings in Curtiss-Wright by 6.2% in the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after purchasing an additional 825 shares in the last quarter. Athena Investment Management purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth about $302,000. Daiwa Securities Group Inc. raised its stake in Curtiss-Wright by 1,694.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock worth $4,210,000 after buying an additional 11,202 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Curtiss-Wright by 28.9% in the fourth quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company's stock worth $54,519,000 after buying an additional 34,489 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Citigroup lowered their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Stifel Nicolaus decreased their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $377.43.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the sale, the chief financial officer now owns 9,253 shares of the company's stock, valued at approximately $3,238,550. This trade represents a 34.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,577 shares of company stock valued at $9,109,255. Insiders own 0.55% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW traded up $4.34 during mid-day trading on Tuesday, reaching $364.27. The stock had a trading volume of 245,551 shares, compared to its average volume of 265,235. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 12 month low of $258.85 and a 12 month high of $393.40. The business has a fifty day moving average of $321.98 and a 200 day moving average of $344.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping 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%. Equities analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

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.