Townsquare Capital LLC Raises Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Townsquare Capital LLC lifted its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,239 shares of the aerospace company's stock after purchasing an additional 1,095 shares during the quarter. Townsquare Capital LLC owned 0.06% of Curtiss-Wright worth $8,247,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Rockefeller Capital Management L.P. increased its stake in Curtiss-Wright by 557.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 86,726 shares of the aerospace company's stock valued at $30,777,000 after acquiring an additional 73,543 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Curtiss-Wright by 173.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,977 shares of the aerospace company's stock valued at $1,411,000 after purchasing an additional 2,522 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Curtiss-Wright by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 16,772 shares of the aerospace company's stock valued at $5,952,000 after buying an additional 100 shares in the last quarter. Bessemer Group Inc. lifted its position in Curtiss-Wright by 3.8% in the 4th quarter. Bessemer Group Inc. now owns 75,947 shares of the aerospace company's stock worth $26,952,000 after buying an additional 2,759 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Curtiss-Wright in the fourth quarter worth approximately $31,497,000. 82.71% of the stock is currently owned by institutional investors.

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Insider Transactions at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the transaction, the insider now directly owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP George P. Mcdonald sold 148 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, the vice president now owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,797 shares of company stock valued at $7,436,255 over the last three months. Corporate insiders own 0.67% of the company's stock.

Curtiss-Wright Stock Performance

CW traded up $2.89 during midday trading on Tuesday, hitting $320.64. 165,354 shares of the company traded hands, compared to its average volume of 264,605. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The company's 50-day moving average is $320.92 and its 200 day moving average is $345.62. Curtiss-Wright Co. has a 52 week low of $246.43 and a 52 week high of $393.40. The firm has a market capitalization of $12.08 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03.

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

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were given a $0.21 dividend. The ex-dividend date of this dividend was 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%.

Wall Street Analyst Weigh In

Several research analysts have commented on CW shares. Stifel Nicolaus decreased their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday. Citigroup dropped their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. 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.com, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average target price of $380.14.

Curtiss-Wright 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.