Rockefeller Capital Management L.P. Grows Position in Curtiss-Wright Co. (NYSE:CW)

Rockefeller Capital Management L.P. raised its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 557.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,726 shares of the aerospace company's stock after purchasing an additional 73,543 shares during the period. Rockefeller Capital Management L.P. owned about 0.23% of Curtiss-Wright worth $30,777,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth about $69,000. MML Investors Services LLC raised its holdings in shares of Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company's stock valued at $3,217,000 after acquiring an additional 1,754 shares during the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 27,607 shares in the last quarter. Toronto Dominion Bank acquired a new stake in shares of Curtiss-Wright in the third quarter worth approximately $149,000. Finally, Sanctuary Advisors LLC increased its position in shares of Curtiss-Wright by 91.7% during the third quarter. Sanctuary Advisors LLC now owns 1,794 shares of the aerospace company's stock worth $590,000 after purchasing an additional 858 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 8,289 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 38,905 shares of the company's stock, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the transaction, the vice president now owns 5,072 shares of the company's stock, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,797 shares of company stock valued at $7,436,255. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Trading Down 0.5 %

Shares of CW stock traded down $1.47 during trading on Friday, hitting $318.51. 177,726 shares of the stock traded hands, compared to its average volume of 264,979. Curtiss-Wright Co. has a 52-week low of $248.71 and a 52-week high of $393.40. The firm has a market capitalization of $11.99 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. The firm's fifty day moving average price is $318.90 and its 200-day moving average price is $345.25. 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 (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating 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, research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is 7.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CW shares. Citigroup lowered their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus lowered their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial dropped their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday. Two 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, Curtiss-Wright has an average rating of "Moderate Buy" and a consensus price target of $377.43.

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.