Yousif Capital Management LLC Reduces Position in Curtiss-Wright Co. (NYSE:CW)

Yousif Capital Management LLC trimmed its holdings in Curtiss-Wright Co. (NYSE:CW) by 11.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,955 shares of the aerospace company’s stock after selling 1,510 shares during the quarter. Yousif Capital Management LLC’s holdings in Curtiss-Wright were worth $4,242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atomi Financial Group Inc. acquired a new position in Curtiss-Wright during the fourth quarter worth $239,000. Oppenheimer & Co. Inc. acquired a new position in shares of Curtiss-Wright during the 3rd quarter valued at about $542,000. Fisher Asset Management LLC grew its holdings in shares of Curtiss-Wright by 8.4% in the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock valued at $23,158,000 after purchasing an additional 5,437 shares during the period. MML Investors Services LLC increased its position in Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in Curtiss-Wright during the fourth quarter worth about $210,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the 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 sale, the chief executive officer now owns 38,905 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. Also, 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 value of $215,865.10. Following the completion of the transaction, the vice president now owns 5,072 shares of the company’s stock, valued at $1,760,237.60. The trade was a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CW. Truist Financial raised their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Stock Performance

NYSE CW opened at $354.87 on Friday. The company has a market cap of $13.47 billion, a P/E ratio of 33.57, a P/E/G ratio of 2.47 and a beta of 1.19. Curtiss-Wright Co. has a 1-year low of $224.18 and a 1-year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The stock has a 50-day moving average of $359.90 and a two-hundred day moving average of $339.19.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.95%.

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.