Curtiss-Wright Co. (NYSE:CW) Shares Purchased by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC boosted its position in Curtiss-Wright Co. (NYSE:CW) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 918 shares of the aerospace company’s stock after acquiring an additional 32 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Curtiss-Wright were worth $326,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CW. TimesSquare Capital Management LLC raised its holdings in Curtiss-Wright by 1,773.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after purchasing an additional 166,672 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Curtiss-Wright by 170.2% during the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after purchasing an additional 163,433 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Curtiss-Wright by 90.1% during 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 stake in Curtiss-Wright during the third quarter worth approximately $47,220,000. Finally, Van ECK Associates Corp raised its holdings in Curtiss-Wright by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company’s stock worth $118,203,000 after purchasing an additional 79,362 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction 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 completion of the transaction, the insider now owns 18,405 shares of the company’s stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John C. Watts sold 622 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the transaction, the vice president now directly owns 5,072 shares of the company’s stock, valued at $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 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CW shares. Truist Financial raised their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Finally, Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $314.80 on Tuesday. The firm has a market capitalization of $11.86 billion, a P/E ratio of 29.84, a PEG ratio of 2.48 and a beta of 1.19. Curtiss-Wright Co. has a one year low of $236.31 and a one year high of $393.40. The company’s fifty day moving average is $347.24 and its two-hundred day moving average is $344.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

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

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

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.