Bank of Montreal Can Buys 519 Shares of Curtiss-Wright Co. (NYSE:CW)

Bank of Montreal Can lifted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 10.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,388 shares of the aerospace company’s stock after acquiring an additional 519 shares during the quarter. Bank of Montreal Can’s holdings in Curtiss-Wright were worth $1,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CW. YANKCOM Partnership purchased a new position in shares of Curtiss-Wright during the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new position in Curtiss-Wright in the 3rd quarter worth $53,000. UMB Bank n.a. lifted its stake in Curtiss-Wright by 61.0% in 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 last quarter. Morse Asset Management Inc purchased a new stake in Curtiss-Wright during the third quarter valued at about $69,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock valued at $82,000 after buying an additional 105 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 21,797 shares of company stock worth $7,436,255. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial increased their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Stifel Nicolaus lowered their price objective on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday. Finally, Citigroup cut their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $380.14.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $319.83 on Thursday. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 2.48 and a beta of 1.03. The stock has a fifty day moving average of $320.22 and a 200 day moving average of $345.45. 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.

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

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.96%.

Curtiss-Wright Profile

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.