Intech Investment Management LLC Increases Position in Curtiss-Wright Co. (NYSE:CW)

Intech Investment Management LLC boosted its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 437.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,544 shares of the aerospace company's stock after purchasing an additional 5,326 shares during the period. Intech Investment Management LLC's holdings in Curtiss-Wright were worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC increased its stake in Curtiss-Wright by 3.9% in the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company's stock worth $240,606,000 after purchasing an additional 27,607 shares during the period. William Blair Investment Management LLC bought a new position in shares of Curtiss-Wright during the 4th quarter worth $132,626,000. Allspring Global Investments Holdings LLC grew its position in shares of Curtiss-Wright by 90.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock worth $118,961,000 after buying an additional 160,395 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Curtiss-Wright by 31.3% in the fourth quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company's stock valued at $118,203,000 after acquiring an additional 79,362 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company's stock worth $115,469,000 after acquiring an additional 22,543 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, VP John C. Watts sold 622 shares of the business'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 sale, the vice president now owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This trade represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Performance

Shares of NYSE CW traded up $3.45 during mid-day trading on Tuesday, hitting $339.69. The stock had a trading volume of 177,418 shares, compared to its average volume of 250,210. The company has a 50 day moving average of $336.99 and a two-hundred day moving average of $346.08. Curtiss-Wright Co. has a twelve month low of $246.43 and a twelve month high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The firm has a market cap of $12.79 billion, a PE ratio of 32.20, a PEG ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data 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 return on equity of 17.11% and a net margin of 12.98%. Research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. Curtiss-Wright's payout ratio is currently 7.96%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a "buy" rating and a $452.00 target price on the stock. Citigroup initiated coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price for the company. Finally, Truist Financial raised their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $386.86.

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.