Man Group plc Has $751,000 Stake in Curtiss-Wright Co. (NYSE:CW)

Man Group plc decreased its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 65.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,117 shares of the aerospace company’s stock after selling 3,984 shares during the quarter. Man Group plc’s holdings in Curtiss-Wright were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CW. Norges Bank acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $201,856,000. William Blair Investment Management LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at $132,626,000. TimesSquare Capital Management LLC grew 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 valued at $62,483,000 after purchasing an additional 166,672 shares during the period. Principal Financial Group Inc. grew its position in Curtiss-Wright by 170.2% in the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock valued at $92,065,000 after purchasing an additional 163,433 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Curtiss-Wright by 90.1% in 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 purchasing an additional 160,395 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling

In related news, VP George P. Mcdonald sold 148 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the sale, the chief financial officer now owns 9,253 shares in the company, valued at $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,642 shares of company stock valued at $3,581,107. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CW shares. Citigroup reduced their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Stifel Nicolaus reduced their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Truist Financial reduced their price target on shares of 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, Robert W. Baird lifted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $404.29.

Curtiss-Wright Price Performance

CW opened at $428.52 on Monday. 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 company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 40.62, a P/E/G ratio of 2.48 and a beta of 1.04. The firm’s fifty day moving average price is $345.02 and its two-hundred day moving average price is $349.00. Curtiss-Wright Co. has a 1 year low of $258.85 and a 1 year high of $430.07.

Curtiss-Wright (NYSE:CW) last posted 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. The firm had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.99 EPS. As a group, analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be issued a $0.24 dividend. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright’s payout ratio is 8.54%.

Curtiss-Wright 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.