Epoch Investment Partners Inc. Cuts Stake in Curtiss-Wright Co. (NYSE:CW)

Epoch Investment Partners Inc. trimmed its position in shares of Curtiss-Wright Co. (NYSE:CW) by 28.4% during the fourth quarter, HoldingsChannel reports. The fund owned 220,714 shares of the aerospace company’s stock after selling 87,395 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Curtiss-Wright were worth $78,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Curtiss-Wright during the 4th quarter valued at approximately $201,856,000. William Blair Investment Management LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at $132,626,000. TimesSquare Capital Management LLC raised its stake in shares of Curtiss-Wright by 1,773.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after buying an additional 166,672 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 worth $92,065,000 after buying an additional 163,433 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Curtiss-Wright by 90.1% during 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. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.5 %

Shares of CW opened at $318.51 on Friday. 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 Co. has a one year low of $248.71 and a one year high of $393.40. The stock has a 50-day moving average price of $318.90 and a 200 day moving average price of $345.25. The company has a market capitalization of $11.99 billion, a P/E ratio of 30.19, a P/E/G ratio of 2.48 and a beta of 1.03.

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

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were issued a $0.21 dividend. The ex-dividend date of this dividend was 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 (DPR) is 7.96%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CW. Stifel Nicolaus lowered their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Truist Financial reduced their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Citigroup cut their target price on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $377.43.

Insider Activity at Curtiss-Wright

In other news, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,797 shares of company stock valued at $7,436,255. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Company 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.