Fuller & Thaler Asset Management Inc. Acquires 440 Shares of Curtiss-Wright Co. (NYSE:CW)

Fuller & Thaler Asset Management Inc. lifted its stake in Curtiss-Wright Co. (NYSE:CW) by 35.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,664 shares of the aerospace company’s stock after purchasing an additional 440 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Curtiss-Wright were worth $591,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CW. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright during the third quarter worth 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 buying an additional 64 shares in the last quarter. Morse Asset Management Inc bought a new position in Curtiss-Wright in the 3rd quarter valued at about $69,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 1.0 %

Shares of CW opened at $339.01 on Friday. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 52 week low of $250.97 and a 52 week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The stock has a fifty day moving average of $318.71 and a 200-day moving average of $344.94.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

Analyst Ratings Changes

CW has been the topic of several analyst reports. Citigroup reduced their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus decreased their price target on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial dropped their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $377.43.

Insider Activity

In related news, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the transaction, the insider now directly owns 19,239 shares of the company’s stock, valued at $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the sale, the vice president now owns 1,899 shares in the company, valued at $617,953.59. The trade was a 7.23 % 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 valued at $7,436,255. Insiders own 0.55% of the company’s stock.

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.