Franklin Resources Inc. Grows Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Franklin Resources Inc. increased its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,206 shares of the aerospace company's stock after purchasing an additional 15,159 shares during the quarter. Franklin Resources Inc. owned about 0.91% of Curtiss-Wright worth $123,213,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CW. Summit Financial LLC bought a new position in Curtiss-Wright in the fourth quarter valued at approximately $251,000. Alliancebernstein L.P. increased its holdings in Curtiss-Wright by 1.2% during 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 last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $159,000. O Shaughnessy Asset Management LLC raised its position in shares of Curtiss-Wright by 4.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 21,530 shares of the aerospace company's stock valued at $7,640,000 after purchasing an additional 892 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of Curtiss-Wright by 4,036.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 44,593 shares of the aerospace company's stock valued at $15,693,000 after purchasing an additional 43,515 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Trading Down 0.3 %

Shares of NYSE:CW traded down $0.79 during mid-day trading on Monday, reaching $282.39. 140,263 shares of the company's stock were exchanged, compared to its average volume of 260,348. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 2.48 and a beta of 1.03. The business's fifty day moving average price is $327.23 and its 200-day moving average price is $346.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a twelve month low of $246.43 and a twelve month high of $393.40.

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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 the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, research analysts predict 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 will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.30%. Curtiss-Wright's payout ratio is 7.96%.

Insider Buying and Selling at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 2,453 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total transaction of $851,191.00. Following the sale, the chief financial officer now directly owns 12,712 shares in the company, valued at approximately $4,411,064. This represents a 16.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,797 shares of company stock worth $7,436,255. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective for the company. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $386.86.

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.