Polar Asset Management Partners Inc. Reduces Position in Curtiss-Wright Co. (NYSE:CW)

Polar Asset Management Partners Inc. lessened its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,000 shares of the aerospace company's stock after selling 4,200 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Curtiss-Wright were worth $3,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CW. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the fourth quarter valued at about $31,000. Minot DeBlois Advisors LLC bought a new position in shares of Curtiss-Wright in the fourth quarter worth about $35,000. Ancora Advisors LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $49,000. Altshuler Shaham Ltd bought a new stake in shares of Curtiss-Wright during the 4th quarter valued at approximately $70,000. Finally, Smartleaf Asset Management LLC increased its position in Curtiss-Wright by 85.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock worth $82,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Insider Activity

In other news, insider Paul J. Ferdenzi sold 658 shares of the company's 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 completion of the transaction, the insider now directly owns 19,239 shares of the company's stock, valued at $6,265,757.52. This represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,092 shares of company stock worth $3,783,319 over the last quarter. Insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Down 0.3%

NYSE:CW traded down $1.17 on Friday, hitting $439.79. The stock had a trading volume of 440,285 shares, compared to its average volume of 276,748. The business's fifty day moving average is $355.93 and its 200 day moving average is $351.15. Curtiss-Wright Co. has a 52 week low of $258.85 and a 52 week high of $453.02. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The company has a market cap of $16.56 billion, a PE ratio of 41.69, a P/E/G ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same period in the previous year, the company posted $1.99 EPS. The company's revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.22%. Curtiss-Wright's dividend payout ratio is presently 8.54%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup decreased 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. Truist Financial lowered their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Stifel Nicolaus dropped their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Robert W. Baird increased their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $404.29.

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.