BNP Paribas Financial Markets Acquires 8,676 Shares of Curtiss-Wright Co. (NYSE:CW)

BNP Paribas Financial Markets lifted its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 36.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,618 shares of the aerospace company's stock after purchasing an additional 8,676 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of Curtiss-Wright worth $7,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Versor Investments LP purchased a new position in Curtiss-Wright during the fourth quarter worth approximately $223,000. Principal Securities Inc. purchased a new position in shares of Curtiss-Wright in the 4th quarter worth $317,000. Montag A & Associates Inc. boosted its holdings in Curtiss-Wright by 165.1% in the fourth quarter. Montag A & Associates Inc. now owns 403 shares of the aerospace company's stock valued at $90,000 after acquiring an additional 251 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Curtiss-Wright by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 238,644 shares of the aerospace company's stock valued at $53,167,000 after acquiring an additional 5,185 shares during the period. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth about $387,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CW. Morgan Stanley boosted their target price on Curtiss-Wright from $260.00 to $284.00 and gave the stock an "overweight" rating in a report on Friday, May 3rd. Truist Financial raised their target price on shares of Curtiss-Wright from $240.00 to $252.00 and gave the company a "hold" rating in a research note on Friday, May 3rd. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a "buy" rating in a research report on Wednesday, April 17th. Robert W. Baird raised their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an "outperform" rating in a research report on Monday, April 8th. Finally, StockNews.com upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Sunday, May 5th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has a consensus rating of "Buy" and a consensus target price of $277.00.

Insider Buying and Selling at Curtiss-Wright

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the sale, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,620 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total transaction of $638,232.00. Following the sale, the chief executive officer now directly owns 35,773 shares of the company's stock, valued at $8,714,302.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction 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. Insiders have sold 12,451 shares of company stock worth $3,030,512 in the last ninety days. 0.67% of the stock is owned by insiders.

Curtiss-Wright Stock Up 0.6 %

Curtiss-Wright stock traded up $1.64 during midday trading on Friday, hitting $278.21. 129,667 shares of the stock were exchanged, compared to its average volume of 190,334. Curtiss-Wright Co. has a 1 year low of $157.85 and a 1 year high of $279.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The firm has a market cap of $10.66 billion, a P/E ratio of 28.65 and a beta of 1.18. The company has a 50 day moving average price of $256.36 and a two-hundred day moving average price of $234.20.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.24. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.53 earnings per share. On average, sell-side analysts predict that Curtiss-Wright Co. will post 10.31 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Monday, June 17th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.20. Curtiss-Wright's payout ratio is 8.24%.

Curtiss-Wright Company 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.