Voya Investment Management LLC Grows Holdings in Curtiss-Wright Co. (NYSE:CW)

Voya Investment Management LLC boosted its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 102.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,838 shares of the aerospace company's stock after buying an additional 10,562 shares during the quarter. Voya Investment Management LLC owned approximately 0.05% of Curtiss-Wright worth $7,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CW. Norges Bank bought a new stake in shares of Curtiss-Wright during the 4th quarter valued at $201,856,000. William Blair Investment Management LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth about $132,626,000. TimesSquare Capital Management LLC boosted its position in shares of Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company's stock valued at $62,483,000 after acquiring an additional 166,672 shares during the period. Principal Financial Group Inc. grew its stake in Curtiss-Wright by 170.2% during the fourth 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 increased 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 period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on CW shares. Citigroup decreased their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Truist Financial dropped their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus dropped their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $377.43.

Curtiss-Wright Trading Up 2.1 %

NYSE CW traded up $7.20 during trading on Friday, hitting $357.48. 191,610 shares of the company's stock traded hands, compared to its average volume of 265,345. The stock has a fifty day moving average of $321.17 and a two-hundred day moving average of $344.97. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $393.40. The firm has a market cap of $13.46 billion, a P/E 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.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted 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 return on equity of 17.11% and a net margin of 12.98%. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

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

Insider Buying and Selling at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the transaction, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John C. Watts sold 622 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction 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 $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

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.