Intech Investment Management LLC Boosts Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Intech Investment Management LLC grew its position in shares of Curtiss-Wright Co. (NYSE:CW) by 437.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,544 shares of the aerospace company’s stock after acquiring an additional 5,326 shares during the quarter. Intech Investment Management LLC’s holdings in Curtiss-Wright were worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CW. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright during the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth $53,000. UMB Bank n.a. raised its stake in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 64 shares during the period. Brooklyn Investment Group bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth $59,000. Finally, Morse Asset Management Inc bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth $69,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CW has been the topic of a number of recent analyst reports. Truist Financial lifted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Citigroup initiated coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective 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 objective on the stock. Two 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, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Stock Down 1.2 %

CW stock opened at $327.14 on Friday. 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 firm has a market capitalization of $12.32 billion, a PE ratio of 31.01, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a twelve month low of $245.69 and a twelve month high of $393.40. The stock has a 50-day simple moving average of $337.75 and a two-hundred day simple moving average of $345.16.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, equities analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm 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 7.96%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares of the company’s stock, valued at $6,386,166.90. This represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is owned by insiders.

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.