American Century Companies Inc. Trims Stock Position in Curtiss-Wright Co. (NYSE:CW)

American Century Companies Inc. lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 437,256 shares of the aerospace company's stock after selling 110,416 shares during the quarter. American Century Companies Inc. owned approximately 1.15% of Curtiss-Wright worth $155,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pathstone Holdings LLC lifted its position in Curtiss-Wright by 1.0% in the third quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company's stock valued at $1,442,000 after acquiring an additional 45 shares during the last quarter. Caprock Group LLC lifted its holdings in shares of Curtiss-Wright by 13.4% in the 3rd quarter. Caprock Group LLC now owns 890 shares of the aerospace company's stock valued at $293,000 after purchasing an additional 105 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Curtiss-Wright by 854.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 16,973 shares of the aerospace company's stock valued at $5,578,000 after purchasing an additional 15,194 shares during the period. Integrated Investment Consultants LLC purchased a new position in Curtiss-Wright during the 3rd quarter worth approximately $379,000. Finally, Eagle Asset Management Inc. increased its position in Curtiss-Wright by 3.0% during the third quarter. Eagle Asset Management Inc. now owns 26,011 shares of the aerospace company's stock worth $8,550,000 after buying an additional 754 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

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Insiders Place Their Bets

In related news, insider Paul J. Ferdenzi sold 658 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now owns 19,239 shares of the company's stock, valued at approximately $6,265,757.52. The trade was a 3.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a "buy" rating and a $452.00 price target for the company. Finally, Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average target price of $386.86.

Curtiss-Wright Price Performance

CW stock traded down $4.72 during trading on Thursday, reaching $325.22. 259,450 shares of the company were exchanged, compared to its average volume of 250,085. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The stock's 50 day moving average price is $335.95 and its 200 day moving average price is $346.29. Curtiss-Wright Co. has a 52-week low of $246.43 and a 52-week high of $393.40. The company has a market cap of $12.25 billion, a P/E ratio of 30.83, a PEG ratio of 2.48 and a beta of 1.15.

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 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%. As a group, analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.96%.

Curtiss-Wright 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.