Vanguard Group Inc. Has $1.29 Billion Stock Position in Curtiss-Wright Co. (NYSE:CW)

Vanguard Group Inc. raised its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,634,028 shares of the aerospace company's stock after purchasing an additional 15,890 shares during the period. Vanguard Group Inc. owned 9.58% of Curtiss-Wright worth $1,289,608,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright during the third quarter worth approximately $53,000. UMB Bank n.a. boosted its position in shares of Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after acquiring an additional 64 shares during the period. Brooklyn Investment Group bought a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $59,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright in the third quarter worth $69,000. Institutional investors own 82.71% of the company's stock.

Insider Activity

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now directly owns 18,405 shares in the company, valued at $6,386,166.90. This represents a 9.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now owns 5,072 shares of the company's stock, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. 0.67% of the stock is owned by corporate insiders.

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Curtiss-Wright Price Performance

NYSE CW traded up $5.48 on Tuesday, reaching $322.75. The company's stock had a trading volume of 192,808 shares, compared to its average volume of 260,655. The firm has a market cap of $12.15 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. 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 52 week low of $246.43 and a 52 week high of $393.40. The business has a 50-day moving average price of $331.97 and a 200 day moving average price of $347.13.

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%. Sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright's dividend payout ratio is presently 7.96%.

Wall Street Analyst Weigh In

CW has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a "buy" rating and a $452.00 target price for the company. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Finally, Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a "buy" rating and a $410.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus target price 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.