PNC Financial Services Group Inc. Has $2.09 Million Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

PNC Financial Services Group Inc. cut its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,875 shares of the aerospace company's stock after selling 1,116 shares during the period. PNC Financial Services Group Inc.'s holdings in Curtiss-Wright were worth $2,085,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CW. TimesSquare Capital Management LLC grew its position in Curtiss-Wright by 1,773.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company's stock worth $62,483,000 after acquiring an additional 166,672 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Curtiss-Wright by 170.2% during the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock worth $92,065,000 after buying an additional 163,433 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock worth $118,961,000 after buying an additional 160,395 shares in the last quarter. World Investment Advisors LLC acquired a new position in Curtiss-Wright during the 3rd quarter worth $47,220,000. Finally, Raymond James Financial Inc. acquired a new position in Curtiss-Wright during the 4th quarter worth $31,497,000. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Citigroup assumed coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price target on the stock. Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Stifel Nicolaus downgraded 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, Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $386.86.

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Curtiss-Wright Trading Down 1.5 %

Curtiss-Wright stock traded down $5.08 during mid-day trading on Tuesday, hitting $323.81. 324,932 shares of the company's stock were exchanged, compared to its average volume of 250,042. The firm has a market capitalization of $12.19 billion, a P/E ratio of 30.69, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a fifty-two week low of $241.44 and a fifty-two week high of $393.40. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The company's 50 day simple moving average is $339.13 and its 200-day simple moving average is $345.33.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) 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%. 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 company 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. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,453 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total value of $851,191.00. Following the transaction, the chief financial officer now directly owns 12,712 shares in the company, valued at $4,411,064. The trade was a 16.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John C. Watts sold 622 shares of the firm's 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 sale, the vice president now owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. This represents a 10.92 % 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 worth $35,278 and sold 15,935 shares worth $5,528,147. Corporate insiders own 0.67% of the company's stock.

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.