TimesSquare Capital Management LLC Invests $3.09 Million in Curtiss-Wright Co. (NYSE:CW)

TimesSquare Capital Management LLC purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 9,400 shares of the aerospace company's stock, valued at approximately $3,090,000.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC increased its position in Curtiss-Wright by 7.8% in the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company's stock valued at $132,000 after buying an additional 29 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Curtiss-Wright by 4.5% during the second quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company's stock worth $289,000 after purchasing an additional 46 shares during the period. Dorsey Wright & Associates lifted its holdings in shares of Curtiss-Wright by 0.4% in the 2nd quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company's stock worth $3,523,000 after purchasing an additional 47 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Curtiss-Wright by 2.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company's stock valued at $557,000 after purchasing an additional 53 shares during the period. Finally, Tsfg LLC increased its stake in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 67 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Price Performance

Shares of CW stock traded up $3.86 during trading on Monday, hitting $389.70. The company had a trading volume of 156,619 shares, compared to its average volume of 222,183. The stock's 50-day moving average is $336.98 and its two-hundred day moving average is $300.74. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 36.87 and a beta of 1.17. Curtiss-Wright Co. has a 52 week low of $208.01 and a 52 week high of $393.40. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. Curtiss-Wright's dividend payout ratio is presently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares of the company's stock, valued at approximately $1,503,997.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John C. Watts sold 412 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now owns 4,183 shares of the company's stock, valued at $1,503,997.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CW. StockNews.com lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Robert W. Baird upped their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a research report on Friday, August 9th. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 target price for the company. Truist Financial boosted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a report on Friday, November 1st. Finally, Stifel Nicolaus raised their price target on Curtiss-Wright from $318.00 to $361.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and a consensus price target of $362.60.

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.