BNP Paribas Financial Markets Decreases Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

BNP Paribas Financial Markets reduced its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 13.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,362 shares of the aerospace company's stock after selling 3,076 shares during the period. BNP Paribas Financial Markets owned about 0.05% of Curtiss-Wright worth $6,871,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock valued at $381,000 after purchasing an additional 29 shares during the period. Clean Yield Group purchased a new position in shares of Curtiss-Wright during the fourth quarter worth approximately $124,000. Wallace Advisory Group LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $208,000. Assenagon Asset Management S.A. purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $13,395,000. Finally, Kathmere Capital Management LLC grew its stake in Curtiss-Wright by 8.5% in the fourth quarter. Kathmere Capital Management LLC now owns 731 shares of the aerospace company's stock worth $259,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Up 0.7%

Shares of CW stock traded up $2.94 during mid-day trading on Friday, hitting $410.05. 214,042 shares of the stock traded hands, compared to its average volume of 269,778. Curtiss-Wright Co. has a 52-week low of $258.85 and a 52-week high of $410.24. The stock has a market cap of $15.44 billion, a P/E ratio of 38.87, a P/E/G ratio of 2.48 and a beta of 1.04. 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 stock's fifty day moving average is $333.16 and its two-hundred day moving average is $346.67.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same period in the previous year, the company earned $1.99 earnings per share. The business's revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be paid a $0.24 dividend. The ex-dividend date is Monday, June 16th. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is 7.47%.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $1,018,858.71. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares of the company's stock, valued at $617,953.59. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,642 shares of company stock valued at $3,581,107. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of recent research reports. Citigroup dropped their price target 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. Truist Financial dropped their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. StockNews.com upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Finally, Stifel Nicolaus dropped their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average price target of $377.43.

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.