Curtiss-Wright Co. (NYSE:CW) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC increased its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,153 shares of the aerospace company's stock after purchasing an additional 1,367 shares during the period. MML Investors Services LLC's holdings in Curtiss-Wright were worth $3,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new position in Curtiss-Wright in the 3rd quarter valued at $69,000. World Investment Advisors LLC acquired a new position in shares of Curtiss-Wright during the third quarter worth about $47,220,000. Wilmington Savings Fund Society FSB purchased a new position in Curtiss-Wright during the third quarter worth about $53,000. Tidal Investments LLC lifted its position in Curtiss-Wright by 2.6% in 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. Finally, Franklin Resources Inc. boosted its holdings in Curtiss-Wright by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company's stock valued at $115,469,000 after purchasing an additional 22,543 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

Shares of NYSE CW traded up $6.67 during trading on Friday, reaching $356.95. The company had a trading volume of 62,369 shares, compared to its average volume of 294,448. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $13.44 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a twelve month low of $258.85 and a twelve month high of $393.40. The stock has a 50-day moving average price of $320.30 and a two-hundred day moving average price of $344.90.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. As a group, sell-side analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright's dividend payout ratio is currently 7.96%.

Analysts Set New Price Targets

CW has been the topic of a number of analyst reports. Citigroup decreased their price target 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. Stifel Nicolaus dropped their target price 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. Finally, Truist Financial dropped their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $377.43.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 8,289 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at $13,494,977.35. This trade represents a 17.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the business's 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 owns 1,899 shares of the company's stock, valued at $617,953.59. The trade was a 7.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,577 shares of company stock worth $9,109,255 in the last three months. Company insiders own 0.55% of the company's stock.

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.