Alliancebernstein L.P. Increases Position in Curtiss-Wright Co. (NYSE:CW)

Alliancebernstein L.P. lifted its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 592,326 shares of the aerospace company's stock after buying an additional 6,971 shares during the period. Alliancebernstein L.P. owned about 1.56% of Curtiss-Wright worth $210,199,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CW. Norges Bank bought a new position in Curtiss-Wright in the 4th quarter valued at approximately $201,856,000. William Blair Investment Management LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter worth $132,626,000. TimesSquare Capital Management LLC lifted its holdings in shares of Curtiss-Wright by 1,773.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company's stock valued at $62,483,000 after purchasing an additional 166,672 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Curtiss-Wright by 170.2% during the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock valued at $92,065,000 after buying an additional 163,433 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Curtiss-Wright by 90.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock worth $118,961,000 after buying an additional 160,395 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

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Curtiss-Wright Stock Performance

Curtiss-Wright stock traded up $3.24 during midday trading on Wednesday, hitting $325.70. The stock had a trading volume of 187,484 shares, compared to its average volume of 260,688. 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 52-week low of $246.43 and a 52-week high of $393.40. The company has a market capitalization of $12.27 billion, a PE ratio of 30.87, a P/E/G ratio of 2.48 and a beta of 1.15. The firm's fifty day moving average is $330.84 and its two-hundred day moving average is $346.98.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright's dividend payout ratio is currently 7.96%.

Wall Street Analysts Forecast Growth

CW has been the topic of several research analyst reports. Truist Financial raised their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a "buy" rating and a $452.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $386.86.

Insiders Place Their Bets

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares of the company's stock, valued at $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.55% of the stock is currently owned by insiders.

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.