William Blair Investment Management LLC Purchases New Position in Curtiss-Wright Co. (NYSE:CW)

William Blair Investment Management LLC bought a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 373,730 shares of the aerospace company's stock, valued at approximately $132,626,000. William Blair Investment Management LLC owned 0.98% of Curtiss-Wright as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CW. TimesSquare Capital Management LLC lifted its stake in Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company's stock valued at $62,483,000 after acquiring an additional 166,672 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Curtiss-Wright by 170.2% in the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company's stock valued at $92,065,000 after purchasing an additional 163,433 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock worth $118,961,000 after purchasing an additional 160,395 shares in the last quarter. World Investment Advisors LLC acquired a new position in Curtiss-Wright during the third quarter worth $47,220,000. Finally, Raymond James Financial Inc. bought a new position in Curtiss-Wright during the fourth quarter valued at about $31,497,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

CW stock traded down $1.84 on Friday, reaching $325.62. 680,352 shares of the company were exchanged, compared to its average volume of 251,183. The firm has a market capitalization of $12.26 billion, a PE ratio of 30.86, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 12 month low of $245.69 and a 12 month high of $393.40. The stock's fifty day moving average price is $337.75 and its 200 day moving average price is $345.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

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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 the consensus estimate 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 anticipate 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. Stockholders 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 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's payout ratio is presently 7.96%.

Insider Activity

In related news, 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 of the company's stock, valued at $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul J. Ferdenzi sold 1,907 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total transaction of $661,690.86. Following the transaction, the insider now owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CW shares. Citigroup started coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a "buy" rating and a $410.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a "buy" rating and a $452.00 price target on the stock. Finally, Truist Financial boosted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $386.86.

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.