Allspring Global Investments Holdings LLC Boosts Holdings in Curtiss-Wright Co. (NYSE:CW)

Allspring Global Investments Holdings LLC lifted its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 90.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 338,506 shares of the aerospace company's stock after purchasing an additional 160,395 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.89% of Curtiss-Wright worth $118,961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company's stock valued at $240,606,000 after purchasing an additional 27,607 shares during the last quarter. Congress Asset Management Co. raised its holdings in Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock valued at $150,893,000 after acquiring an additional 265,205 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Curtiss-Wright by 32,425.8% in the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock valued at $133,102,000 after acquiring an additional 403,701 shares in the last quarter. Franklin Resources Inc. raised its holdings in Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company's stock valued at $115,469,000 after acquiring an additional 22,543 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Curtiss-Wright by 29.0% in the third quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company's stock valued at $88,847,000 after purchasing an additional 56,966 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley increased their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 target price on the stock. Stifel Nicolaus lowered shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective on the stock. in a research report on Monday, November 18th. Truist Financial lifted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Finally, Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $386.86.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 622 shares of Curtiss-Wright 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 completion of the sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. Corporate insiders own 0.67% of the company's stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock traded down $14.50 during midday trading on Friday, reaching $323.45. The company's stock had a trading volume of 553,652 shares, compared to its average volume of 254,030. Curtiss-Wright Co. has a fifty-two week low of $230.00 and a fifty-two week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The stock's 50 day simple moving average is $356.53 and its 200 day simple moving average is $342.02. The firm has a market capitalization of $12.28 billion, a PE ratio of 30.60, a P/E/G ratio of 2.50 and a beta of 1.19.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results 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 17.21% and a net margin of 13.20%. On average, equities research analysts forecast that Curtiss-Wright Co. will post 10.72 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.95%.

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.