Curtiss-Wright Co. (NYSE:CW) Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,631 shares of the aerospace company's stock after buying an additional 34,489 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of Curtiss-Wright worth $54,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Curtiss-Wright by 27.7% in the 3rd quarter. FMR LLC now owns 160,065 shares of the aerospace company's stock worth $52,612,000 after purchasing an additional 34,706 shares during the period. Walleye Capital LLC bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $275,000. Benjamin Edwards Inc. raised its holdings in shares of Curtiss-Wright by 33.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,192 shares of the aerospace company's stock worth $721,000 after purchasing an additional 553 shares during the period. Hilltop Holdings Inc. purchased a new position in Curtiss-Wright in the 3rd quarter valued at approximately $414,000. Finally, HighTower Advisors LLC grew its stake in Curtiss-Wright by 16.9% in the 3rd quarter. HighTower Advisors LLC now owns 12,794 shares of the aerospace company's stock valued at $4,216,000 after buying an additional 1,849 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the transaction, the chief executive officer now directly owns 38,905 shares of the company's stock, valued at $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John C. Watts sold 622 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % 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 three months. Company insiders own 0.67% of the company's stock.

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Curtiss-Wright Price Performance

Shares of NYSE CW traded down $4.74 during mid-day trading on Thursday, reaching $317.85. 22,993 shares of the company were exchanged, compared to its average volume of 315,797. 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 stock has a market capitalization of $11.97 billion, a PE ratio of 30.13, a PEG ratio of 2.48 and a beta of 1.03. The company's 50 day moving average price is $323.37 and its 200 day moving average price is $345.86. Curtiss-Wright Co. has a 52 week low of $246.43 and a 52 week high of $393.40.

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%. Sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright's dividend payout ratio is presently 7.96%.

Analysts Set New Price Targets

CW has been the subject of a number of recent analyst reports. Truist Financial boosted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Citigroup initiated coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of "Moderate Buy" and a consensus price target of $386.86.

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.