Raymond James Financial Inc. bought a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 88,755 shares of the aerospace company's stock, valued at approximately $31,497,000. Raymond James Financial Inc. owned about 0.23% of Curtiss-Wright at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in CW. TimesSquare Capital Management LLC grew its position in Curtiss-Wright by 1,773.1% in 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. increased its position in Curtiss-Wright by 170.2% in the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock valued at $92,065,000 after acquiring an additional 163,433 shares during the period. Allspring Global Investments Holdings LLC raised its stake 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 valued at $118,961,000 after acquiring an additional 160,395 shares in the last quarter. World Investment Advisors LLC acquired a new position in Curtiss-Wright during the 3rd quarter worth $47,220,000. Finally, Van ECK Associates Corp increased its holdings in shares of Curtiss-Wright by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company's stock valued at $118,203,000 after purchasing an additional 79,362 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction dated Wednesday, February 5th. The shares were 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. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 15,935 shares valued at $5,528,147. 0.67% of the stock is currently owned by insiders.
Shares of CW stock traded up $8.37 during trading hours on Friday, reaching $322.52. 172,828 shares of the stock traded hands, compared to its average volume of 250,978. The business has a fifty day moving average price of $339.57 and a 200 day moving average price of $344.79. Curtiss-Wright Co. has a 1-year low of $239.78 and a 1-year high of $393.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $12.15 billion, a PE ratio of 30.57, a PEG ratio of 2.48 and a beta of 1.15.
Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS 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%. On average, equities research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 dividend 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%.
A number of equities analysts recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a "buy" rating and a $452.00 target price for the company. Citigroup assumed coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price on the stock. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Finally, Truist Financial boosted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $386.86.
View Our Latest Analysis on CW
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.
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