2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. boosted its stake in shares of Curtiss-Wright Co. ( NYSE:CW – Free Report ) by 28.
9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 153,631 shares of the aerospace company’s stock after purchasing an additional 34,489 shares during the period. JPMorgan Chase & Co.
owned about 0.40% of Curtiss-Wright worth $54,519,000 at the end of the most recent quarter. Other large investors have also recently made changes to their positions in the company.
William Blair Investment Management LLC purchased a new position in Curtiss-Wright during the fourth quarter valued at $132,626,000. TimesSquare Capital Management LLC raised its position in Curtiss-Wright by 1,773.1% in the 4th 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 during the period. Principal Financial Group Inc. grew its stake 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 buying an additional 163,433 shares during the last quarter.
Allspring Global Investments Holdings LLC raised its holdings in shares of Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after buying an additional 160,395 shares during the period.
Finally, World Investment Advisors LLC bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $47,220,000. 82.71% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes CW has been the topic of a number of recent research reports. Citigroup assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.
00 price objective on the stock. Truist Financial increased their price objective on shares of Curtiss-Wright from $333.00 to $357.
00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $386.86. Insider Transactions at Curtiss-Wright In other Curtiss-Wright news, VP George P.
Mcdonald sold 148 shares of the company’s stock in a transaction on 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 directly 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 SEC, which is accessible through this hyperlink .
Also, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.
41, for a total transaction of $1,018,858.71. Following the completion of the sale, the chief executive officer now owns 42,887 shares in the company, valued at approximately $13,955,858.
67. This trade represents a 6.80 % decrease in their position.
The disclosure for this sale can be found here . In the last ninety days, insiders have bought 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Corporate insiders own 0.
55% of the company’s stock. Curtiss-Wright Stock Down 6.4 % CW stock opened at $283.
63 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.
69 and a quick ratio of 1.19. The firm’s fifty day simple moving average is $327.
23 and its 200-day simple moving average is $346.69. Curtiss-Wright Co.
has a 12 month low of $246.43 and a 12 month high of $393.40.
The company has a market capitalization of $10.68 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 2.
48 and a beta of 1.15. Curtiss-Wright ( NYSE:CW – Get Free Report ) last issued its earnings results on Wednesday, February 12th.
The aerospace company reported $3.27 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 12.
32 earnings per share for the current year. Curtiss-Wright Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a $0.
21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.
84 dividend on an annualized basis and a dividend yield of 0.30%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.
96%. Curtiss-Wright Company Profile ( Free Report ) 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.
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