Primecap Management Co. CA Has $273.65 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

Primecap Management Co. CA cut its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 771,130 shares of the aerospace company's stock after selling 51,360 shares during the period. Primecap Management Co. CA owned approximately 2.03% of Curtiss-Wright worth $273,651,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CW. YANKCOM Partnership acquired a new position in Curtiss-Wright during the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright in the third quarter worth about $53,000. Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth about $59,000. UMB Bank n.a. boosted its stake in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after purchasing an additional 64 shares during the period. Finally, Morse Asset Management Inc acquired a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the company's stock in a transaction dated 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. This represents a 10.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Insiders own 0.67% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Truist Financial increased 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. Citigroup assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a "buy" rating and a $452.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $386.86.

Curtiss-Wright Price Performance

CW stock traded down $1.84 during trading on Friday, hitting $325.62. 680,352 shares of the stock traded hands, compared to its average volume of 251,183. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a one year low of $245.69 and a one year high of $393.40. The company has a 50 day simple moving average of $337.75 and a 200 day simple moving average of $345.16.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 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%. Equities analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared 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 is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is 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.