Lazard Asset Management LLC Has $8.59 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

Lazard Asset Management LLC lifted its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 18.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 24,220 shares of the aerospace company’s stock after buying an additional 3,763 shares during the period. Lazard Asset Management LLC’s holdings in Curtiss-Wright were worth $8,593,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CW. Envestnet Portfolio Solutions Inc. lifted its position in shares of Curtiss-Wright by 0.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock worth $1,178,000 after buying an additional 29 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Curtiss-Wright by 10.6% during the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after buying an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC lifted its position in shares of Curtiss-Wright by 3.6% during the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after buying an additional 32 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Curtiss-Wright by 1.6% during the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company’s stock worth $753,000 after buying an additional 34 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in shares of Curtiss-Wright by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock worth $275,000 after buying an additional 37 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 3,131 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the completion of the transaction, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul J. Ferdenzi sold 658 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the transaction, the insider now owns 19,239 shares of the company’s stock, valued at $6,265,757.52. This trade represents a 3.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,642 shares of company stock worth $3,581,107 over the last ninety days. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CW. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Citigroup dropped their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Truist Financial dropped their target price on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus dropped their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.43.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $401.24 on Thursday. Curtiss-Wright Co. has a 12 month low of $258.85 and a 12 month high of $404.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $15.11 billion, a PE ratio of 38.03, a P/E/G ratio of 2.48 and a beta of 1.04. The stock has a 50-day moving average price of $331.12 and a two-hundred day moving average price of $346.28.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The company had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. During the same period last year, the company earned $1.99 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

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.