Susquehanna Fundamental Investments LLC Takes Position in Curtiss-Wright Co. (NYSE:CW)

Susquehanna Fundamental Investments LLC bought a new position in shares of Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 44,182 shares of the aerospace company’s stock, valued at approximately $15,679,000. Susquehanna Fundamental Investments LLC owned approximately 0.12% of Curtiss-Wright as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CW. YANKCOM Partnership bought a new position in shares of Curtiss-Wright in the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright during the third quarter valued at about $53,000. UMB Bank n.a. grew its holdings in shares of Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after buying an additional 64 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright during the third quarter worth about $69,000. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth about $70,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

Shares of CW opened at $339.01 on Friday. The stock has a 50 day moving average of $318.71 and a 200 day moving average of $344.94. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12 month low of $250.97 and a 12 month high of $393.40. The company 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 (NYSE:CW) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS 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%. As a group, sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the transaction, the chief executive officer now owns 42,887 shares in the company, valued at $13,955,858.67. This trade represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,797 shares of company stock valued at $7,436,255. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on CW shares. Stifel Nicolaus decreased their price objective on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a report on Monday, April 14th. Citigroup decreased their price target on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Truist Financial dropped their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $377.43.

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.