Driehaus Capital Management LLC Grows Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Driehaus Capital Management LLC grew its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 291,582 shares of the aerospace company's stock after buying an additional 8,447 shares during the quarter. Curtiss-Wright makes up 0.9% of Driehaus Capital Management LLC's holdings, making the stock its 20th biggest holding. Driehaus Capital Management LLC owned approximately 0.77% of Curtiss-Wright worth $103,474,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CW. EP Wealth Advisors LLC lifted its holdings in Curtiss-Wright by 4.7% in the fourth quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock valued at $337,000 after buying an additional 43 shares during the period. Eagle Global Advisors LLC increased its position in shares of Curtiss-Wright by 270.3% during the fourth quarter. Eagle Global Advisors LLC now owns 36,124 shares of the aerospace company's stock worth $12,819,000 after acquiring an additional 26,368 shares in the last quarter. Cetera Investment Advisers grew its position in Curtiss-Wright by 10.3% in the 4th quarter. Cetera Investment Advisers now owns 16,718 shares of the aerospace company's stock worth $5,933,000 after purchasing an additional 1,566 shares in the last quarter. Blue Capital Inc. bought a new stake in Curtiss-Wright in the 4th quarter worth about $735,000. Finally, Baird Financial Group Inc. grew its position in Curtiss-Wright by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of CW stock traded up $10.30 during trading on Tuesday, reaching $397.67. 156,631 shares of the company's stock traded hands, compared to its average volume of 267,027. The company has a market capitalization of $14.98 billion, a P/E ratio of 37.69, a PEG ratio of 2.48 and a beta of 1.04. 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 firm's 50-day moving average is $327.74 and its 200 day moving average is $345.55. Curtiss-Wright Co. has a 1 year low of $258.85 and a 1 year high of $398.89.

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

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were 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 directly owns 9,253 shares in the company, valued at $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now owns 1,899 shares of the company's stock, valued at approximately $617,953.59. The trade was a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,642 shares of company stock valued at $3,581,107 in the last quarter. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.