Curtiss-Wright Co. (NYSE:CW) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in shares of Curtiss-Wright Co. (NYSE:CWFree Report) by 60.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,214 shares of the aerospace company’s stock after acquiring an additional 11,773 shares during the period. Franklin Resources Inc. owned approximately 0.08% of Curtiss-Wright worth $6,954,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CW. Wolverine Asset Management LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $1,894,000. Pacer Advisors Inc. boosted its stake in shares of Curtiss-Wright by 92.5% in the fourth quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company’s stock valued at $1,835,000 after purchasing an additional 3,957 shares during the period. Cadinha & Co. LLC boosted its stake in shares of Curtiss-Wright by 1,101.1% in the fourth quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock valued at $15,507,000 after purchasing an additional 63,810 shares during the period. Legacy Capital Group California Inc. purchased a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $1,091,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Curtiss-Wright by 41.7% in the fourth quarter. Panagora Asset Management Inc. now owns 5,954 shares of the aerospace company’s stock valued at $1,326,000 after purchasing an additional 1,753 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 1.1 %

Shares of NYSE:CW opened at $279.20 on Friday. The company has a market capitalization of $10.69 billion, a PE ratio of 28.75 and a beta of 1.18. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40. Curtiss-Wright Co. has a twelve month low of $157.85 and a twelve month high of $286.23. The firm has a 50 day simple moving average of $263.16 and a 200-day simple moving average of $238.45.

Curtiss-Wright (NYSE:CWGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.24. The business had revenue of $713.17 million during the quarter, compared to the consensus estimate of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 EPS. On average, equities analysts predict that Curtiss-Wright Co. will post 10.27 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.30%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 17th. Curtiss-Wright’s payout ratio is presently 8.24%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CW. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 5th. Finally, Truist Financial lifted their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $302.50.

Read Our Latest Stock Report on CW

Insider Activity

In other news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Curtiss-Wright news, Director S Marce Fuller sold 5,300 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total value of $1,489,512.00. Following the transaction, the director now directly owns 25,770 shares of the company’s stock, valued at approximately $7,242,400.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The disclosure for this sale can be found here. Insiders have sold 17,751 shares of company stock valued at $4,520,024 in the last ninety days. 0.67% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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