Curtiss-Wright Co. (NYSE:CW) Shares Bought by Tidal Investments LLC

Tidal Investments LLC increased its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 6,500.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,498 shares of the aerospace company's stock after purchasing an additional 75,339 shares during the period. Tidal Investments LLC owned 0.20% of Curtiss-Wright worth $27,147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Curtiss-Wright by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock worth $1,289,608,000 after purchasing an additional 15,890 shares in the last quarter. Invesco Ltd. lifted its stake in Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock valued at $503,009,000 after acquiring an additional 84,635 shares during the period. TD Asset Management Inc. lifted its stake in Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after acquiring an additional 107,115 shares during the period. Geode Capital Management LLC lifted its stake in Curtiss-Wright by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock valued at $264,071,000 after acquiring an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Curtiss-Wright by 1.2% during the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock valued at $210,199,000 after acquiring an additional 6,971 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 658 shares of the company's stock in a transaction dated 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. This represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,642 shares of company stock valued at $3,581,107. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Stock Performance

Shares of CW traded down $3.50 during trading hours on Wednesday, hitting $415.54. The stock had a trading volume of 431,528 shares, compared to its average volume of 271,586. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The firm has a 50-day moving average price of $339.34 and a 200 day moving average price of $348.01. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $423.20. The firm has a market capitalization of $15.65 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 2.48 and a beta of 1.04.

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

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be given a dividend of $0.24 per share. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright's payout ratio is presently 8.54%.

Analyst Upgrades and Downgrades

Several analysts have commented on CW shares. 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 research note on Thursday, April 10th. Stifel Nicolaus decreased 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 note on Monday, April 14th. Truist Financial decreased their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.