Lord Abbett & CO. LLC Has $35.18 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

Lord Abbett & CO. LLC lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 99,142 shares of the aerospace company’s stock after selling 823 shares during the period. Lord Abbett & CO. LLC’s holdings in Curtiss-Wright were worth $35,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new stake in Curtiss-Wright during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new position in Curtiss-Wright during the 3rd quarter worth $53,000. UMB Bank n.a. grew its stake 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 acquiring an additional 64 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Curtiss-Wright in the third quarter valued at about $69,000. Finally, Altshuler Shaham Ltd bought a new position in shares of Curtiss-Wright during the fourth quarter valued at about $70,000. 82.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CW. Citigroup reduced their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Truist Financial dropped their price target on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Finally, Stifel Nicolaus cut their price objective 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. Two investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.43.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The stock was 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 directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,797 shares of company stock worth $7,436,255 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Up 1.0 %

NYSE:CW opened at $339.01 on Friday. Curtiss-Wright Co. has a 12 month low of $250.97 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 firm’s 50 day moving average is $318.71 and its 200 day moving average is $344.94. The stock has a market capitalization of $12.77 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03.

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

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders 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 dividend on an annualized basis and a yield of 0.25%. Curtiss-Wright’s dividend payout ratio is presently 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.