Candelo Capital Management LP Has $7.93 Million Position in Curtiss-Wright Co. (NYSE:CW)

Candelo Capital Management LP increased its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 14.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,346 shares of the aerospace company's stock after acquiring an additional 2,846 shares during the quarter. Curtiss-Wright accounts for approximately 4.0% of Candelo Capital Management LP's portfolio, making the stock its 2nd largest position. Candelo Capital Management LP owned approximately 0.06% of Curtiss-Wright worth $7,930,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. YANKCOM Partnership bought a new position in shares of Curtiss-Wright in the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Curtiss-Wright during the third quarter worth about $53,000. UMB Bank n.a. boosted its stake in 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 purchasing an additional 64 shares during the last quarter. Morse Asset Management Inc bought a new stake in Curtiss-Wright during the 3rd quarter worth approximately $69,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth approximately $70,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Price Performance

CW traded down $3.49 during midday trading on Monday, hitting $334.80. The stock had a trading volume of 42,091 shares, compared to its average volume of 266,185. The company has a market cap of $12.61 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. 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 Co. has a 1 year low of $250.97 and a 1 year high of $393.40. The business has a fifty day moving average of $318.71 and a 200 day moving average of $344.98.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results 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%. As a group, equities analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders 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 0.25%. The ex-dividend date was Thursday, March 27th. Curtiss-Wright's payout ratio is currently 7.96%.

Insiders Place Their Bets

In other news, VP George P. Mcdonald sold 148 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were 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 represents a 7.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the business'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 directly owns 38,905 shares in the company, valued at $13,494,977.35. The trade was a 17.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,797 shares of company stock worth $7,436,255. 0.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CW. Truist Financial lowered their price target 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. Stifel Nicolaus reduced their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Citigroup cut their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.