Allspring Global Investments Holdings LLC Has $110.77 Million Stock Holdings in Curtiss-Wright Corporation (NYSE:CW)

Allspring Global Investments Holdings LLC raised its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 1.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 343,513 shares of the aerospace company's stock after purchasing an additional 5,007 shares during the period. Allspring Global Investments Holdings LLC owned 0.91% of Curtiss-Wright worth $110,769,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CW. Vanguard Group Inc. grew its stake in Curtiss-Wright by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock valued at $1,289,608,000 after purchasing an additional 15,890 shares during the last quarter. Invesco Ltd. grew its position in shares of Curtiss-Wright by 6.4% in the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after buying an additional 84,635 shares during the last quarter. TD Asset Management Inc. grew its position in shares of Curtiss-Wright by 16.2% in the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock worth $271,977,000 after buying an additional 107,115 shares during the last quarter. Geode Capital Management LLC lifted its position in Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock valued at $264,071,000 after acquiring an additional 12,086 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after purchasing an additional 6,971 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

CW traded up $1.26 on Monday, reaching $488.96. The company had a trading volume of 216,739 shares, compared to its average volume of 286,996. The stock has a 50-day moving average price of $416.70 and a 200-day moving average price of $364.56. The stock has a market capitalization of $18.41 billion, a PE ratio of 43.50, a P/E/G ratio of 3.20 and a beta of 1.13. Curtiss-Wright Corporation has a 1 year low of $258.85 and a 1 year high of $777.98. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The firm had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. During the same period in the prior year, the business earned $1.99 EPS. The firm's revenue was up 13.0% compared to the same quarter last year. As a group, research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be issued a dividend of $0.24 per share. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

Insider Activity

In related news, VP John C. Watts sold 450 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the sale, the vice president owned 4,959 shares of the company's stock, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the transaction, the chief financial officer owned 9,253 shares of the company's stock, valued at $3,238,550. The trade was a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,130 shares of company stock worth $2,726,412 over the last ninety days. Corporate insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CW shares. Citigroup lifted their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Truist Financial dropped their price target 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. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Stifel Nicolaus decreased their price target 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. Finally, Robert W. Baird lifted their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $418.00.

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.