Polar Asset Management Partners Inc. Sells 4,200 Shares of Curtiss-Wright Co. (NYSE:CW)

Polar Asset Management Partners Inc. trimmed its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 29.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. YANKCOM Partnership purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth approximately $31,000. Minot DeBlois Advisors LLC purchased a new stake in Curtiss-Wright during the fourth quarter valued at about $35,000. Ancora Advisors LLC purchased a new stake in Curtiss-Wright during the fourth quarter valued at about $49,000. UMB Bank n.a. raised its position in Curtiss-Wright by 61.0% during the fourth 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 in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in Curtiss-Wright during the fourth quarter valued at about $70,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the sale, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at approximately $3,238,550. The trade was a 34.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 3,131 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at approximately $13,955,858.67. This represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,642 shares of company stock valued at $3,581,107. 0.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CW has been the topic of a number of research reports. StockNews.com upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Citigroup lowered their price target on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus lowered their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial decreased their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $377.43.

Curtiss-Wright Trading Up 0.3%

Shares of CW traded up $1.06 during trading hours on Wednesday, hitting $420.10. The company had a trading volume of 246,094 shares, compared to its average volume of 270,996. The firm has a market cap of $15.82 billion, a P/E ratio of 39.81, a P/E/G ratio of 2.48 and a beta of 1.04. The stock's 50 day moving average price is $339.34 and its 200 day moving average price is $348.01. 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 52-week low of $258.85 and a 52-week high of $423.20.

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, topping the consensus estimate of $2.39 by $0.43. The company had revenue of $805.65 million for the quarter, compared to analysts' expectations of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Curtiss-Wright's quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $1.99 earnings per share. On average, research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

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

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.