Fisher Asset Management LLC Buys 33,356 Shares of Curtiss-Wright Co. (NYSE:CW)

Fisher Asset Management LLC raised its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 47.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,810 shares of the aerospace company's stock after buying an additional 33,356 shares during the period. Fisher Asset Management LLC owned about 0.27% of Curtiss-Wright worth $36,839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Atomi Financial Group Inc. bought a new position in Curtiss-Wright during the fourth quarter valued at approximately $239,000. Truist Financial Corp raised its holdings in shares of Curtiss-Wright by 6.2% during the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock valued at $5,050,000 after purchasing an additional 825 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at $542,000. MML Investors Services LLC boosted its holdings in Curtiss-Wright by 21.8% in the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company's stock worth $3,217,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in Curtiss-Wright during the fourth quarter worth $210,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

NYSE CW traded down $10.76 during trading on Thursday, hitting $313.11. The company's stock had a trading volume of 87,036 shares, compared to its average volume of 325,509. Curtiss-Wright Co. has a 52 week low of $236.31 and a 52 week high of $393.40. The firm has a market cap of $11.79 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19. The firm has a 50 day moving average price of $346.26 and a 200 day moving average price of $344.82. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

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Curtiss-Wright (NYSE:CW - Get Free Report) last announced 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 net margin of 12.98% and a return on equity of 17.11%. Equities 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 announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's payout ratio is presently 7.96%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft started 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. Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target on the stock. Finally, Stifel Nicolaus cut shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $386.86.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the sale, the chief executive officer now owns 38,905 shares in the company, valued at $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John C. Watts sold 622 shares of the stock in a transaction 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 approximately $1,760,237.60. This represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is owned by company insiders.

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.