Invesco Ltd. Acquires 84,635 Shares of Curtiss-Wright Co. (NYSE:CW)

Invesco Ltd. boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,417,445 shares of the aerospace company's stock after acquiring an additional 84,635 shares during the quarter. Invesco Ltd. owned approximately 3.74% of Curtiss-Wright worth $503,009,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Curtiss-Wright during the 4th quarter valued at $201,856,000. William Blair Investment Management LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $132,626,000. TimesSquare Capital Management LLC boosted its stake in Curtiss-Wright by 1,773.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company's stock worth $62,483,000 after purchasing an additional 166,672 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Curtiss-Wright by 170.2% during the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock worth $92,065,000 after buying an additional 163,433 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake 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 acquiring an additional 160,395 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, 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 value of $48,160.68. Following the sale, the vice president now owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 658 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the transaction, the insider now owns 19,239 shares of the company's stock, valued at $6,265,757.52. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,797 shares of company stock valued at $7,436,255 in the last 90 days. Corporate insiders own 0.67% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently issued reports on CW. Stifel Nicolaus lowered their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday. Truist Financial lifted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Finally, Citigroup lowered their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and an average target price of $380.14.

Curtiss-Wright Price Performance

Shares of CW traded up $1.77 during midday trading on Monday, hitting $318.42. The company's stock had a trading volume of 28,457 shares, compared to its average volume of 263,917. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a one year low of $246.43 and a one year high of $393.40. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. The company's fifty day simple moving average is $322.18 and its two-hundred day simple moving average is $345.85.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results 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 net margin of 12.98% and a return on equity of 17.11%. As a group, equities analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright's dividend 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.