Sterling Capital Management LLC Boosts Holdings in Curtiss-Wright Co. (NYSE:CW)

Sterling Capital Management LLC raised its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 173.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,977 shares of the aerospace company's stock after purchasing an additional 2,522 shares during the period. Sterling Capital Management LLC's holdings in Curtiss-Wright were worth $1,411,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Curtiss-Wright by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock valued at $1,289,608,000 after acquiring an additional 15,890 shares in the last quarter. Invesco Ltd. boosted its stake in Curtiss-Wright by 6.4% in the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after purchasing an additional 84,635 shares during the period. TD Asset Management Inc. grew its holdings 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 buying an additional 107,115 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock valued at $264,071,000 after buying an additional 12,086 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings 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 buying an additional 6,971 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 622 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now directly owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP George P. Mcdonald sold 148 shares of the company'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 sale, the vice president now directly owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,797 shares of company stock valued at $7,436,255. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Citigroup reduced their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Truist Financial reduced their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday. Finally, Stifel Nicolaus dropped their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $377.43.

Curtiss-Wright Trading Down 0.5 %

Shares of CW stock traded down $1.47 during trading hours on Friday, reaching $318.51. 177,726 shares of the stock were exchanged, compared to its average volume of 264,644. 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 12-month low of $248.00 and a 12-month high of $393.40. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. The company's 50-day moving average price is $319.53 and its 200-day moving average price is $345.38.

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

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.21 per share. The ex-dividend date was 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 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.