Vanguard Group Inc. Has $1.92 Billion Position in Curtiss-Wright Corporation $CW

Vanguard Group Inc. lessened its position in Curtiss-Wright Corporation (NYSE:CW) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,485,658 shares of the aerospace company’s stock after selling 111,703 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Curtiss-Wright worth $1,921,539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $2,781,000. SG Americas Securities LLC grew its position in shares of Curtiss-Wright by 738.8% in the 4th quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock valued at $14,335,000 after buying an additional 22,903 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $37,812,000. Inscription Capital LLC grew its position in shares of Curtiss-Wright by 248.3% in the 3rd quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company’s stock valued at $1,386,000 after buying an additional 1,820 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Curtiss-Wright by 7.2% in the 3rd quarter. Fisher Asset Management LLC now owns 120,535 shares of the aerospace company’s stock valued at $65,443,000 after buying an additional 8,095 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of a number of analyst reports. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Stifel Nicolaus upped their price target on Curtiss-Wright from $650.00 to $723.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. Truist Financial set a $603.00 price target on Curtiss-Wright in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $677.00.

Insiders Place Their Bets

In other news, EVP John C. Watts sold 652 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $625.57, for a total value of $407,871.64. Following the completion of the sale, the executive vice president directly owned 3,890 shares of the company’s stock, valued at $2,433,467.30. This represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kevin Rayment sold 2,634 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the completion of the sale, the chief operating officer directly owned 29,896 shares of the company’s stock, valued at approximately $18,724,761.68. This trade represents a 8.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 22,717 shares of company stock valued at $14,533,791. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Down 1.5%

Shares of NYSE:CW opened at $695.27 on Thursday. The business’s 50 day simple moving average is $701.31 and its two-hundred day simple moving average is $629.29. The firm has a market cap of $25.66 billion, a P/E ratio of 54.02, a PEG ratio of 3.40 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. Curtiss-Wright Corporation has a 52-week low of $333.33 and a 52-week high of $748.14.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.13. The business had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.27 earnings per share. As a group, research analysts forecast that Curtiss-Wright Corporation will post 15.06 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 26th were issued a $0.24 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is presently 7.46%.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.