Assenagon Asset Management S.A. Invests $18.46 Million in Curtiss-Wright Co. (NYSE:CW)

Assenagon Asset Management S.A. bought a new position in Curtiss-Wright Co. (NYSE:CW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 82,867 shares of the aerospace company's stock, valued at approximately $18,462,000. Assenagon Asset Management S.A. owned approximately 0.22% of Curtiss-Wright as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Cetera Advisor Networks LLC increased its holdings in shares of Curtiss-Wright by 7.7% during the second quarter. Cetera Advisor Networks LLC now owns 3,523 shares of the aerospace company's stock valued at $647,000 after acquiring an additional 251 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Curtiss-Wright by 729.1% during the third quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company's stock valued at $3,996,000 after acquiring an additional 17,964 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Curtiss-Wright by 80.5% during the third quarter. Envestnet Asset Management Inc. now owns 69,463 shares of the aerospace company's stock valued at $13,589,000 after acquiring an additional 30,972 shares in the last quarter. Burney Co. increased its holdings in shares of Curtiss-Wright by 14.9% during the third quarter. Burney Co. now owns 26,516 shares of the aerospace company's stock valued at $5,187,000 after acquiring an additional 3,437 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new position in shares of Curtiss-Wright during the third quarter valued at about $210,000. 82.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Lynn M. Bamford sold 2,620 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the transaction, the chief executive officer now directly owns 35,773 shares of the company's stock, valued at approximately $8,714,302.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares of the company's stock, valued at $4,171,920. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 145 shares of company stock worth $27,451 and have sold 12,451 shares worth $3,030,512. Insiders own 0.67% of the company's stock.

Curtiss-Wright Stock Performance

Curtiss-Wright stock traded up $2.37 during mid-day trading on Thursday, hitting $255.94. The company had a trading volume of 256,577 shares, compared to its average volume of 181,573. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. Curtiss-Wright Co. has a 12-month low of $157.72 and a 12-month high of $257.37. The company's fifty day moving average is $235.71 and its 200-day moving average is $218.62. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 27.82 and a beta of 1.17.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The business had revenue of $785.79 million for the quarter, compared to analyst estimates of $737.09 million. During the same quarter in the prior year, the firm posted $2.92 EPS. The business's quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that Curtiss-Wright Co. will post 10.16 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.31%. Curtiss-Wright's dividend payout ratio (DPR) is 8.70%.

Wall Street Analysts Forecast Growth

CW has been the topic of several research reports. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $244.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Truist Financial reiterated a "hold" rating and issued a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a report on Monday. Finally, StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.00.

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.