Blair William & Co. IL Has $30.28 Million Stake in Curtiss-Wright Co. (NYSE:CW)

Blair William & Co. IL raised its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 58.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,330 shares of the aerospace company’s stock after buying an additional 31,496 shares during the quarter. Blair William & Co. IL owned about 0.22% of Curtiss-Wright worth $30,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC acquired a new stake in Curtiss-Wright during the 4th quarter worth $132,626,000. TimesSquare Capital Management LLC increased its holdings in shares of Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after acquiring an additional 166,672 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Curtiss-Wright by 170.2% during the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after purchasing an additional 163,433 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after purchasing an additional 160,395 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at approximately $47,220,000. 82.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CW shares. Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Truist Financial increased their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $325.22 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The business has a 50-day moving average of $335.14 and a 200-day moving average of $346.14. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a fifty-two week low of $246.43 and a fifty-two week high of $393.40.

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

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Activity

In related news, CEO Lynn M. Bamford sold 8,289 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 approximately $13,494,977.35. The trade was a 17.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO K Christopher Farkas sold 922 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.47, for a total value of $300,083.34. Following the completion of the sale, the chief financial officer now owns 14,033 shares in the company, valued at approximately $4,567,320.51. This trade represents a 6.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company’s stock.

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.