Woodline Partners LP Has $15.51 Million Position in Curtiss-Wright Co. (NYSE:CW)

Woodline Partners LP grew its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,698 shares of the aerospace company's stock after purchasing an additional 6,084 shares during the quarter. Woodline Partners LP owned about 0.12% of Curtiss-Wright worth $15,507,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 worth $1,289,608,000 after purchasing an additional 15,890 shares in the last quarter. Invesco Ltd. boosted its stake in Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after purchasing an additional 84,635 shares in the last quarter. TD Asset Management Inc. boosted its stake in Curtiss-Wright by 16.2% in the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock worth $271,977,000 after purchasing an additional 107,115 shares in the last quarter. Geode Capital Management LLC boosted its stake in Curtiss-Wright by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after purchasing an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, COO Kevin Rayment sold 1,003 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.73, for a total value of $326,707.19. Following the completion of the sale, the chief operating officer now directly owns 25,863 shares in the company, valued at $8,424,354.99. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value 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 $3,238,550. This trade represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,642 shares of company stock worth $3,581,107. 0.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on CW shares. Truist Financial reduced their price objective 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. Stifel Nicolaus cut their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup cut their price target on 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, StockNews.com raised Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $377.43.

Curtiss-Wright Trading Down 0.8%

NYSE CW opened at $415.54 on Thursday. The stock has a 50-day simple moving average of $341.20 and a 200 day simple moving average of $348.47. The company has a market capitalization of $15.65 billion, a PE ratio of 39.39, a P/E/G 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. Curtiss-Wright Co. has a 12 month low of $258.85 and a 12 month high of $423.77.

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

Curtiss-Wright Increases Dividend

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

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.

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