Bank of Nova Scotia Sells 1,240 Shares of Curtiss-Wright Co. (NYSE:CW)

Bank of Nova Scotia cut its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 25.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,573 shares of the aerospace company's stock after selling 1,240 shares during the period. Bank of Nova Scotia's holdings in Curtiss-Wright were worth $1,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 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 acquired a new position in Curtiss-Wright in the third quarter worth approximately $53,000. UMB Bank n.a. lifted its position 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 during the last quarter. Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth $69,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of 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 acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Activity at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 8,289 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the sale, the chief executive officer now owns 38,905 shares of the company's stock, valued at $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul J. Ferdenzi sold 658 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the sale, the insider now directly owns 19,239 shares of the company's stock, valued at approximately $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,797 shares of company stock worth $7,436,255. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Performance

Curtiss-Wright stock traded down $1.47 during mid-day trading on Friday, reaching $318.51. The company had a trading volume of 177,726 shares, compared to its average volume of 264,644. The company has a 50 day moving average of $319.53 and a 200-day moving average of $345.38. Curtiss-Wright Co. has a 52 week low of $248.00 and a 52 week high of $393.40. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.48 and a beta of 1.03. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping 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%. On average, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Truist Financial dropped their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday. Citigroup cut their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Stifel Nicolaus dropped their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $377.43.

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.