Curtiss-Wright Co. (NYSE:CW) Stock Holdings Lifted by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lifted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 4,036.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 44,593 shares of the aerospace company’s stock after acquiring an additional 43,515 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Curtiss-Wright were worth $15,693,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $201,856,000. William Blair Investment Management LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth about $132,626,000. TimesSquare Capital Management LLC increased its position in shares of 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 worth $62,483,000 after acquiring an additional 166,672 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Curtiss-Wright by 170.2% during the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock valued at $92,065,000 after acquiring an additional 163,433 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Curtiss-Wright by 90.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after acquiring an additional 160,395 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on CW. Citigroup initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. 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 for the company. Finally, Truist Financial lifted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $317.44 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a one year low of $246.43 and a one year high of $393.40. The business’s 50-day moving average price is $333.15 and its two-hundred day moving average price is $347.04. The company has a market capitalization of $11.95 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS 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%. Analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 8,289 shares of the firm’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 transaction, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares of the company’s stock, valued at $617,953.59. The trade was a 7.23 % decrease in their position. The disclosure for this sale can be found here. In 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 company 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.