Curtiss-Wright Corporation $CW Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 15.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 394,204 shares of the aerospace company’s stock after purchasing an additional 54,197 shares during the quarter. American Century Companies Inc. owned approximately 1.07% of Curtiss-Wright worth $214,029,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in Curtiss-Wright during the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Curtiss-Wright during the second quarter valued at $27,000. Penserra Capital Management LLC bought a new position in shares of Curtiss-Wright during the second quarter worth about $29,000. First Horizon Corp acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth about $34,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Curtiss-Wright by 53.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.3%

Shares of CW opened at $700.14 on Friday. The business’s 50-day moving average price is $637.74 and its 200 day moving average price is $570.89. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $25.81 billion, a P/E ratio of 54.40, a P/E/G ratio of 3.41 and a beta of 0.93. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $719.05.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.66 by $0.13. The company had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the company posted $3.27 earnings per share. Analysts expect that Curtiss-Wright Corporation 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 13th. Shareholders of record on Thursday, March 26th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s payout ratio is presently 7.46%.

Analyst Upgrades and Downgrades

Several research firms have commented on CW. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Citigroup boosted their price target on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Finally, Truist Financial set a $603.00 price target on Curtiss-Wright in a report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $663.17.

Insider Activity at Curtiss-Wright

In other news, VP Robert F. Freda sold 418 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.95, for a total value of $262,065.10. Following the completion of the sale, the vice president owned 5,187 shares in the company, valued at $3,251,989.65. This represents a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO K Christopher Farkas sold 2,665 shares of Curtiss-Wright stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total value of $1,669,169.45. Following the transaction, the chief financial officer owned 7,358 shares in the company, valued at $4,608,536.14. This represents a 26.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 17,269 shares of company stock worth $10,797,098. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.