Summit Investment Advisors Inc. Sells 1,256 Shares of Curtiss-Wright Co. (NYSE:CW)

Summit Investment Advisors Inc. lowered its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,301 shares of the aerospace company's stock after selling 1,256 shares during the quarter. Summit Investment Advisors Inc.'s holdings in Curtiss-Wright were worth $2,946,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CW. YANKCOM Partnership purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Curtiss-Wright in the 3rd quarter valued at approximately $53,000. UMB Bank n.a. increased its holdings in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after buying an additional 64 shares during the last quarter. Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth $69,000. Finally, Smartleaf Asset Management LLC lifted its stake 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 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.

Insiders Place Their Bets

In other Curtiss-Wright 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 in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the transaction, the insider now owns 19,239 shares of the company's stock, valued at $6,265,757.52. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,797 shares of company stock valued at $7,436,255. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on CW. Citigroup decreased their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Stifel Nicolaus lowered their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Truist Financial decreased 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $377.43.

Curtiss-Wright Trading Down 0.5 %

CW traded down $1.47 during trading on Friday, reaching $318.51. 177,726 shares of the stock traded hands, compared to its average volume of 264,979. The stock has a market capitalization of $11.99 billion, a PE ratio of 30.19, a P/E/G ratio of 2.48 and a beta of 1.03. The stock's 50-day moving average is $318.90 and its 200 day moving average is $345.25. 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 Co. has a 12 month low of $248.71 and a 12 month high of $393.40.

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

Curtiss-Wright Announces Dividend

The firm also recently declared 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 0.26%. The ex-dividend date was Thursday, March 27th. Curtiss-Wright's payout ratio is currently 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.