Vident Advisory LLC Raises Stake in Curtiss-Wright Co. (NYSE:CW)

Vident Advisory LLC grew its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 29.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,376 shares of the aerospace company's stock after purchasing an additional 5,811 shares during the quarter. Vident Advisory LLC owned approximately 0.07% of Curtiss-Wright worth $9,005,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $201,856,000. William Blair Investment Management LLC bought a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $132,626,000. TimesSquare Capital Management LLC raised its holdings 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 in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Curtiss-Wright by 170.2% in 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 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 valued at $118,961,000 after acquiring an additional 160,395 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CW shares. Stifel Nicolaus decreased their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Citigroup decreased their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Truist Financial reduced their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, StockNews.com upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $377.43.

Insider Activity

In related news, VP George P. Mcdonald sold 148 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO K Christopher Farkas sold 922 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.47, for a total value of $300,083.34. Following the completion of the sale, the chief financial officer now owns 14,033 shares in the company, valued at approximately $4,567,320.51. This represents a 6.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock worth $3,581,107 over the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $418.01 on Tuesday. Curtiss-Wright Co. has a one year low of $258.85 and a one year high of $422.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market capitalization of $15.74 billion, a PE ratio of 39.62, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a 50-day simple moving average of $337.22 and a two-hundred day simple moving average of $347.50.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.98% and a return on equity of 17.11%. The firm had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. During the same quarter in the prior year, the company posted $1.99 earnings per share. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio is 8.54%.

Curtiss-Wright 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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