Assetmark Inc. Boosts Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Assetmark Inc. grew its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,779 shares of the aerospace company's stock after purchasing an additional 950 shares during the period. Assetmark Inc.'s holdings in Curtiss-Wright were worth $2,406,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. grew its position in Curtiss-Wright by 34.8% in the fourth quarter. Victory Capital Management Inc. now owns 50,241 shares of the aerospace company's stock valued at $17,829,000 after acquiring an additional 12,977 shares during the last quarter. Cornerstone Investment Partners LLC boosted its stake in shares of Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock valued at $326,000 after purchasing an additional 32 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Curtiss-Wright by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,156 shares of the aerospace company's stock valued at $410,000 after purchasing an additional 46 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Curtiss-Wright during the 4th quarter worth approximately $155,000. Finally, SBI Securities Co. Ltd. bought a new position in Curtiss-Wright in the 4th quarter valued at approximately $187,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Trading Down 0.0 %

Shares of Curtiss-Wright stock traded down $0.07 during midday trading on Thursday, reaching $314.08. The company had a trading volume of 188,860 shares, compared to its average volume of 250,406. The firm has a market cap of $11.83 billion, a PE ratio of 29.77, a P/E/G ratio of 2.48 and a beta of 1.15. The stock has a fifty day moving average price of $340.85 and a 200 day moving average price of $344.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a fifty-two week low of $238.15 and a fifty-two week high of $393.40.

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Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, equities 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 declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Insiders Place Their Bets

In other news, VP John C. Watts sold 622 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were 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 in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 116 shares of company stock worth $35,278 and have sold 15,935 shares worth $5,528,147. Company insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CW shares. Citigroup began coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 target price for the company. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target on the stock. in a research note on Monday, November 18th. Finally, Truist Financial upped their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $386.86.

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.