Envestnet Asset Management Inc. Raises Holdings in Curtiss-Wright Co. (NYSE:CW)

Envestnet Asset Management Inc. increased its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 159,612 shares of the aerospace company's stock after purchasing an additional 1,624 shares during the period. Envestnet Asset Management Inc. owned 0.42% of Curtiss-Wright worth $56,641,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. YANKCOM Partnership purchased a new stake in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at $53,000. UMB Bank n.a. raised its position in Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Curtiss-Wright during the 3rd quarter worth $69,000. Finally, Smartleaf Asset Management LLC boosted its stake in Curtiss-Wright by 85.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock worth $82,000 after purchasing an additional 105 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research reports. Citigroup reduced their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus decreased their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday. 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, Curtiss-Wright has a consensus rating of "Moderate Buy" and an average target price of $380.14.

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Insider Activity

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now directly owns 18,405 shares in the company, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Watts sold 622 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value 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. Insiders sold 21,797 shares of company stock worth $7,436,255 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Performance

NYSE CW traded up $5.52 during trading hours on Tuesday, hitting $323.27. 25,685 shares of the stock were exchanged, compared to its average volume of 263,516. 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 has a market cap of $12.17 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40. The stock has a 50-day moving average of $321.52 and a 200 day moving average of $345.80.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued 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%. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current 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 dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

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.