Blair William & Co. IL Purchases 31,496 Shares of Curtiss-Wright Co. (NYSE:CW)

Blair William & Co. IL lifted its position in shares of Curtiss-Wright Co. (NYSE:CW) by 58.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 85,330 shares of the aerospace company’s stock after acquiring an additional 31,496 shares during the period. Blair William & Co. IL’s holdings in Curtiss-Wright were worth $30,281,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CW. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $53,000. UMB Bank n.a. boosted its stake in shares of Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after buying an additional 64 shares during the period. Brooklyn Investment Group acquired a new stake in Curtiss-Wright during the third quarter worth approximately $59,000. Finally, Morse Asset Management Inc bought a new position in Curtiss-Wright during the 3rd quarter worth $69,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 1.4 %

Shares of Curtiss-Wright stock opened at $325.22 on Friday. The firm has a market capitalization of $12.25 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. 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 firm’s 50 day moving average is $335.14 and its 200 day moving average is $346.14. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40.

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

Curtiss-Wright Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Insider Activity

In other news, VP George P. Mcdonald sold 148 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 $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % 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, VP John C. Watts sold 622 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 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 currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CW shares. Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Citigroup initiated coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

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.