Clark Capital Management Group Inc. Boosts Holdings in Curtiss-Wright Co. (NYSE:CW)

Clark Capital Management Group Inc. raised its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 201,075 shares of the aerospace company's stock after acquiring an additional 1,651 shares during the period. Clark Capital Management Group Inc. owned approximately 0.53% of Curtiss-Wright worth $71,355,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth approximately $201,856,000. William Blair Investment Management LLC bought a new stake in Curtiss-Wright during the fourth quarter worth $132,626,000. TimesSquare Capital Management LLC raised 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 valued at $62,483,000 after buying an additional 166,672 shares during the last quarter. Principal Financial Group Inc. lifted its stake 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 acquiring an additional 163,433 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings 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 acquiring an additional 160,395 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of NYSE:CW traded up $9.60 during mid-day trading on Tuesday, reaching $396.97. The company had a trading volume of 187,473 shares, compared to its average volume of 267,202. Curtiss-Wright Co. has a one year low of $258.85 and a one year high of $398.89. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company's 50-day moving average price is $327.74 and its 200-day moving average price is $345.55. The firm has a market cap of $14.95 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same period in the previous year, the company posted $1.99 earnings per share. The business's revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the completion of the sale, the chief financial officer now owns 9,253 shares of the company's stock, valued at approximately $3,238,550. This trade represents a 34.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul J. Ferdenzi sold 658 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now owns 19,239 shares in the company, valued at $6,265,757.52. This represents a 3.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,642 shares of company stock worth $3,581,107. 0.55% of the stock is owned by company insiders.

About Curtiss-Wright

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.