TimesSquare Capital Management LLC Purchases 166,672 Shares of Curtiss-Wright Co. (NYSE:CW)

TimesSquare Capital Management LLC boosted its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 1,773.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,072 shares of the aerospace company's stock after acquiring an additional 166,672 shares during the period. TimesSquare Capital Management LLC owned 0.46% of Curtiss-Wright worth $62,483,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CW. International Assets Investment Management LLC increased its stake in Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock worth $133,102,000 after acquiring an additional 403,701 shares during the period. Congress Asset Management Co. increased its stake in Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock worth $150,893,000 after acquiring an additional 265,205 shares during the period. Principal Financial Group Inc. increased its stake in Curtiss-Wright by 170.2% during the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock worth $92,065,000 after acquiring an additional 163,433 shares during the period. Allspring Global Investments Holdings LLC increased its stake in 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 during the period. Finally, World Investment Advisors LLC bought a new position in Curtiss-Wright during the 3rd quarter worth $47,220,000. Institutional investors own 82.71% of the company's stock.

Insiders Place Their Bets

In other Curtiss-Wright news, COO Kevin Rayment sold 2,664 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.92, for a total transaction of $924,194.88. Following the transaction, the chief operating officer now directly owns 24,236 shares of the company's stock, valued at approximately $8,407,953.12. The trade was a 9.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the company's 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 sale, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. Company insiders own 0.67% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE CW traded down $14.25 during mid-day trading on Friday, hitting $316.15. 415,895 shares of the stock traded hands, compared to its average volume of 313,894. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a twelve month low of $234.37 and a twelve month high of $393.40. The company has a market cap of $11.91 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19. The firm has a 50 day simple moving average of $352.38 and a two-hundred day simple moving average of $342.82.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating 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 research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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 issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is 7.96%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CW shares. Stifel Nicolaus lowered Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Morgan Stanley lifted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average 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.