National Bank of Canada FI Acquires 45,884 Shares of Curtiss-Wright Co. (NYSE:CW)

National Bank of Canada FI boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 1,028.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,344 shares of the aerospace company's stock after purchasing an additional 45,884 shares during the quarter. National Bank of Canada FI owned approximately 0.13% of Curtiss-Wright worth $17,866,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock worth $1,289,608,000 after buying an additional 15,890 shares during the period. TD Asset Management Inc. raised its stake in Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after acquiring an additional 107,115 shares in the last quarter. Geode Capital Management LLC boosted its position in Curtiss-Wright by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company's stock worth $240,606,000 after acquiring an additional 27,607 shares during the period. Alliancebernstein L.P. grew its stake in shares of Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after purchasing an additional 6,971 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Curtiss-Wright during the fourth quarter valued at $201,856,000. 82.71% of the stock is currently owned by institutional investors.

Remove Ads

Insider Activity

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of Curtiss-Wright 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 transaction, the chief executive officer now directly owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,797 shares of company stock worth $7,436,255. 0.67% of the stock is owned by corporate insiders.

Curtiss-Wright Price Performance

Shares of NYSE CW traded up $30.23 during mid-day trading on Wednesday, reaching $322.97. The company had a trading volume of 425,019 shares, compared to its average volume of 263,932. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40. The stock has a market cap of $12.16 billion, a PE ratio of 30.61, a P/E/G ratio of 2.48 and a beta of 1.03. The company has a 50-day moving average price of $323.37 and a two-hundred day moving average price of $345.86.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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, equities analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a $0.21 dividend. 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 payout ratio is currently 7.96%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CW shares. Truist Financial increased their target price 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 started coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.