Blair William & Co. IL Acquires 31,496 Shares of Curtiss-Wright Co. (NYSE:CW)

Blair William & Co. IL increased its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 58.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,330 shares of the aerospace company's stock after buying an additional 31,496 shares during the quarter. Blair William & Co. IL owned about 0.22% of Curtiss-Wright worth $30,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright during the 3rd quarter worth $53,000. Brooklyn Investment Group bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth about $59,000. UMB Bank n.a. lifted its position in shares of Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after purchasing an additional 64 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright during the third quarter valued at $69,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of NYSE:CW traded up $5.17 on Tuesday, hitting $322.44. 40,349 shares of the company were exchanged, compared to its average volume of 309,233. Curtiss-Wright Co. has a one year low of $246.43 and a one year high of $393.40. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 2.48 and a beta of 1.15. The company's 50 day moving average price is $333.15 and its two-hundred day moving average price is $347.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

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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 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%. Research analysts expect 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. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the transaction, the insider now directly owns 18,405 shares in the company, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John C. Watts sold 622 shares of the stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

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

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.