Blue Capital Inc. Invests $735,000 in Curtiss-Wright Co. (NYSE:CW)

Blue Capital Inc. acquired a new position in Curtiss-Wright Co. (NYSE:CW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,072 shares of the aerospace company's stock, valued at approximately $735,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Norges Bank purchased a new position in shares of Curtiss-Wright during the 4th quarter worth $201,856,000. William Blair Investment Management LLC bought a new position in shares of Curtiss-Wright in the 4th quarter valued at about $132,626,000. TimesSquare Capital Management LLC boosted its stake in Curtiss-Wright by 1,773.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company's stock worth $62,483,000 after buying an additional 166,672 shares during the period. Principal Financial Group Inc. grew its holdings 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 valued at $92,065,000 after purchasing an additional 163,433 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock worth $118,961,000 after buying an additional 160,395 shares during the period. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $357.48 on Monday. Curtiss-Wright Co. has a 12 month low of $258.85 and a 12 month high of $393.40. The stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.48 and a beta of 1.03. 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 firm's fifty day simple moving average is $321.17 and its 200-day simple moving average is $344.74.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were given a $0.21 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 622 shares of the stock in a transaction dated 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 transaction, the vice president now owns 5,072 shares of the company's stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the company's stock in a transaction on 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. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,577 shares of company stock worth $9,109,255. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CW has been the subject of a number of research reports. Citigroup lowered their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus dropped their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Truist Financial lowered their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus target price of $377.43.

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.

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