Envestnet Asset Management Inc. Acquires 1,624 Shares of Curtiss-Wright Co. (NYSE:CW)

Envestnet Asset Management Inc. grew its holdings in Curtiss-Wright Co. (NYSE:CW) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,612 shares of the aerospace company’s stock after purchasing an additional 1,624 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.42% of Curtiss-Wright worth $56,641,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in Curtiss-Wright during the 4th quarter worth approximately $201,856,000. William Blair Investment Management LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth approximately $132,626,000. TimesSquare Capital Management LLC grew its position in Curtiss-Wright by 1,773.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after purchasing an additional 166,672 shares during the last quarter. Principal Financial Group Inc. grew its position in Curtiss-Wright by 170.2% during the 4th 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 last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in 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 worth $118,961,000 after purchasing an additional 160,395 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright 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 transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,797 shares of company stock valued at $7,436,255. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $322.97 on Thursday. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 52 week low of $246.43 and a 52 week high of $393.40. The company’s 50-day moving average price is $323.37 and its 200 day moving average price is $345.86. 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 (NYSE:CW) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. As a group, research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Analysts Set New Price Targets

CW has been the topic of several recent research reports. Citigroup initiated coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $386.86.

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.