Townsquare Capital LLC Purchases 1,095 Shares of Curtiss-Wright Co. (NYSE:CW)

Townsquare Capital LLC lifted its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,239 shares of the aerospace company's stock after purchasing an additional 1,095 shares during the period. Townsquare Capital LLC owned 0.06% of Curtiss-Wright worth $8,247,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $53,000. UMB Bank n.a. grew its stake in Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after purchasing an additional 64 shares during the period. Morse Asset Management Inc bought a new stake in Curtiss-Wright in the third quarter worth approximately $69,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of 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 buying an additional 105 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CW. Truist Financial cut their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday. Stifel Nicolaus cut their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday. Finally, Citigroup lowered their target price 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $377.43.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 8,289 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the transaction, the chief executive officer now owns 38,905 shares of the company's stock, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul J. Ferdenzi sold 658 shares of the business'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 completion of the sale, the insider now owns 19,239 shares in the company, 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. Over the last 90 days, insiders sold 21,797 shares of company stock worth $7,436,255. Insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Down 0.5 %

Curtiss-Wright stock traded down $1.47 during midday trading on Friday, hitting $318.51. 177,726 shares of the stock were exchanged, compared to its average volume of 264,644. Curtiss-Wright Co. has a 52-week low of $248.00 and a 52-week high of $393.40. 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 business's 50-day moving average price is $319.53 and its 200-day moving average price is $345.38. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping analysts' consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright's payout ratio is currently 7.96%.

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.