Vanguard Group Inc. Increases Stake in Curtiss-Wright Co. (NYSE:CW)

Vanguard Group Inc. boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,634,028 shares of the aerospace company’s stock after purchasing an additional 15,890 shares during the period. Vanguard Group Inc. owned approximately 9.58% of Curtiss-Wright worth $1,289,608,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright in the 3rd quarter worth approximately $53,000. Brooklyn Investment Group purchased a new position in Curtiss-Wright during the 3rd quarter worth approximately $59,000. UMB Bank n.a. lifted its stake in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 64 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $325.22 on Friday. The firm has a market cap of $12.25 billion, a PE ratio of 30.83, a P/E/G ratio of 2.48 and a beta of 1.15. The business has a 50-day moving average price of $335.14 and a 200 day moving average price of $346.14. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $246.43 and a twelve month high of $393.40.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data 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%. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Analyst Ratings Changes

CW has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price for the company. Citigroup assumed coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Finally, Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Two 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, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares of the company’s stock, valued at $13,955,858.67. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO K Christopher Farkas sold 922 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.47, for a total value of $300,083.34. Following the sale, the chief financial officer now owns 14,033 shares of the company’s stock, valued at $4,567,320.51. The trade was a 6.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Company 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.