Gotham Asset Management LLC Decreases Holdings in Curtiss-Wright Co. (NYSE:CW)

Gotham Asset Management LLC lessened its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,740 shares of the aerospace company's stock after selling 667 shares during the quarter. Gotham Asset Management LLC owned approximately 0.05% of Curtiss-Wright worth $7,005,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Curtiss-Wright during the fourth quarter worth approximately $201,856,000. William Blair Investment Management LLC acquired a new position in shares of Curtiss-Wright during 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 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company's stock worth $62,483,000 after acquiring an additional 166,672 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Curtiss-Wright by 170.2% during the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock worth $92,065,000 after purchasing an additional 163,433 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake 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 worth $118,961,000 after purchasing an additional 160,395 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock traded up $1.99 during midday trading on Monday, hitting $412.10. 35,545 shares of the company's stock were exchanged, compared to its average volume of 269,971. The company has a market cap of $15.52 billion, a P/E ratio of 39.06, a PEG ratio of 2.48 and a beta of 1.04. 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 stock has a 50-day moving average price of $335.15 and a two-hundred day moving average price of $347.02. Curtiss-Wright Co. has a 52-week low of $258.85 and a 52-week high of $413.76.

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

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders 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 a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is 8.54%.

Analyst Ratings Changes

A number of brokerages recently commented on CW. StockNews.com upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Truist Financial decreased their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company 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 for the company in a research note on Monday, April 14th. Finally, Citigroup dropped their price objective 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. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average target price of $377.43.

Insider Buying and Selling at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 658 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the sale, the insider now directly owns 19,239 shares of the company's stock, valued at $6,265,757.52. This represents a 3.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, 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. Over the last quarter, insiders have sold 10,642 shares of company stock worth $3,581,107. 0.55% of the stock is currently owned by company insiders.

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.