Curtiss-Wright Co. (NYSE:CW) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 193.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,097 shares of the aerospace company's stock after buying an additional 2,041 shares during the quarter. Tower Research Capital LLC TRC's holdings in Curtiss-Wright were worth $1,099,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Curtiss-Wright during the fourth quarter valued at about $201,856,000. William Blair Investment Management LLC bought a new position in shares of Curtiss-Wright during the fourth quarter valued at about $132,626,000. TimesSquare Capital Management LLC grew its stake 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 worth $62,483,000 after purchasing 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 valued at $92,065,000 after purchasing an additional 163,433 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock valued at $118,961,000 after purchasing an additional 160,395 shares during the period. Institutional investors own 82.71% of the company's stock.

Insider Activity at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the transaction, the chief executive officer now directly owns 38,905 shares of the company's stock, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Watts sold 622 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,797 shares of company stock valued at $7,436,255 over the last ninety days. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

CW has been the topic of several research analyst reports. Truist Financial reduced their target price 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 decreased their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Citigroup cut their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $377.43.

Curtiss-Wright Trading Down 0.4 %

Curtiss-Wright stock traded down $1.52 during trading hours on Wednesday, hitting $338.80. The company had a trading volume of 26,372 shares, compared to its average volume of 264,948. The firm has a market cap of $12.76 billion, a P/E ratio of 32.14, a P/E/G ratio of 2.48 and a beta of 1.03. The company has a 50-day moving average price of $318.97 and a two-hundred day moving average price of $344.88. Curtiss-Wright Co. has a 1 year low of $250.97 and a 1 year high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. Curtiss-Wright's dividend payout ratio is presently 7.96%.

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.