The Manufacturers Life Insurance Company Sells 874 Shares of Curtiss-Wright Co. (NYSE:CW)

The Manufacturers Life Insurance Company cut its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,974 shares of the aerospace company's stock after selling 874 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Curtiss-Wright worth $10,992,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CW. YANKCOM Partnership purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright during the 3rd quarter worth approximately $53,000. UMB Bank n.a. grew its position in shares of Curtiss-Wright by 61.0% in the 4th 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. Altshuler Shaham Ltd bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $70,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Curtiss-Wright by 85.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock worth $82,000 after acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on CW. 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. Stifel Nicolaus decreased their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial decreased 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. Two equities research 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 has an average rating of "Moderate Buy" and an average target price of $377.43.

Curtiss-Wright Price Performance

Shares of CW stock traded down $0.29 during mid-day trading on Wednesday, reaching $363.00. The stock had a trading volume of 307,315 shares, compared to its average volume of 265,328. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $393.40. 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 business has a 50-day simple moving average of $323.77 and a 200 day simple moving average of $344.97. The company has a market cap of $13.67 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. During the same quarter in the prior year, the company earned $1.99 EPS. The business's revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul J. Ferdenzi sold 658 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 10,642 shares of company stock worth $3,581,107. 0.55% of the stock is currently owned by corporate insiders.

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.