FIL Ltd Buys 83,491 Shares of Curtiss-Wright Co. (NYSE:CW)

FIL Ltd raised its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 71.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 199,596 shares of the aerospace company's stock after acquiring an additional 83,491 shares during the period. FIL Ltd owned 0.53% of Curtiss-Wright worth $70,831,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CW. Vanguard Group Inc. raised its holdings in Curtiss-Wright by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock valued at $1,289,608,000 after buying an additional 15,890 shares during the period. Invesco Ltd. lifted its holdings in shares of Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock valued at $503,009,000 after acquiring an additional 84,635 shares in the last quarter. TD Asset Management Inc. increased its holdings in Curtiss-Wright by 16.2% in the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after purchasing an additional 107,115 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after purchasing an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after buying an additional 6,971 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on CW shares. Stifel Nicolaus reduced their target price 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. Citigroup cut their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Truist Financial raised their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus target price of $380.14.

Insiders Place Their Bets

In other news, CFO K Christopher Farkas sold 2,453 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.00, for a total transaction of $851,191.00. Following the sale, the chief financial officer now owns 12,712 shares in the company, valued at approximately $4,411,064. This represents a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 1,907 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,797 shares of company stock worth $7,436,255 in the last ninety days. Insiders own 0.67% of the company's stock.

Curtiss-Wright Trading Up 2.2 %

Shares of Curtiss-Wright stock traded up $6.95 during trading on Tuesday, hitting $324.70. The stock had a trading volume of 40,519 shares, compared to its average volume of 263,576. 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 capitalization of $12.23 billion, a PE ratio of 30.78, a P/E/G ratio of 2.48 and a beta of 1.03. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40. The stock has a 50 day simple moving average of $321.52 and a 200 day simple moving average of $345.80.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 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, research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright's payout ratio is currently 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.