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

Franklin Resources Inc. raised its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,047 shares of the aerospace company's stock after acquiring an additional 22,543 shares during the quarter. Franklin Resources Inc. owned approximately 0.87% of Curtiss-Wright worth $115,469,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock valued at $133,102,000 after acquiring an additional 403,701 shares during the period. Congress Asset Management Co. boosted its stake in Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock valued at $150,893,000 after purchasing an additional 265,205 shares during the period. World Investment Advisors LLC acquired a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $47,220,000. Van ECK Associates Corp increased its position in Curtiss-Wright by 79.2% in the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company's stock worth $53,318,000 after buying an additional 86,955 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Curtiss-Wright by 91.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company's stock worth $58,543,000 after buying an additional 85,013 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target on the stock. Truist Financial lifted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research report on Friday, November 1st. StockNews.com cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Finally, Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average price target of $379.00.

Curtiss-Wright Price Performance

NYSE CW traded up $18.33 during trading on Monday, hitting $385.25. 314,565 shares of the company's stock were exchanged, compared to its average volume of 226,889. The stock's 50 day moving average price is $363.34 and its two-hundred day moving average price is $317.88. Curtiss-Wright Co. has a fifty-two week low of $212.05 and a fifty-two week high of $393.40. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The company has a market cap of $14.62 billion, a PE ratio of 36.45, a P/E/G ratio of 2.96 and a beta of 1.18.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.22%. The ex-dividend date was Friday, November 22nd. Curtiss-Wright's dividend payout ratio is currently 7.95%.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now owns 28,688 shares in the company, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John C. Watts sold 412 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

About Curtiss-Wright

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.