Blair William & Co. IL Has $70.96 Million Stock Holdings in Curtiss-Wright Corporation $CW

Blair William & Co. IL decreased its position in Curtiss-Wright Corporation (NYSE:CW) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,692 shares of the aerospace company’s stock after selling 4,679 shares during the period. Blair William & Co. IL owned 0.35% of Curtiss-Wright worth $70,958,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CW. Massachusetts Financial Services Co. MA acquired a new position in Curtiss-Wright during the 2nd quarter valued at about $270,731,000. Norges Bank acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $241,537,000. Munro Partners bought a new stake in shares of Curtiss-Wright during the second quarter worth approximately $78,000,000. AQR Capital Management LLC raised its stake in shares of Curtiss-Wright by 45.8% during the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock worth $189,468,000 after buying an additional 122,048 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Curtiss-Wright by 21.0% in the second quarter. American Century Companies Inc. now owns 340,007 shares of the aerospace company’s stock valued at $166,110,000 after buying an additional 59,003 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CW has been the topic of a number of recent research reports. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research note on Friday, January 9th. Morgan Stanley reiterated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Stifel Nicolaus increased their price target on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $663.17.

Insider Buying and Selling

In other Curtiss-Wright news, VP Gary A. Ogilby sold 625 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $624.32, for a total value of $390,200.00. Following the completion of the sale, the vice president directly owned 2,571 shares in the company, valued at $1,605,126.72. This represents a 19.56% 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, CFO K Christopher Farkas sold 2,665 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the sale, the chief financial officer owned 7,358 shares in the company, valued at $4,608,536.14. This trade represents a 26.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 17,269 shares of company stock valued at $10,797,098. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Stock Up 0.4%

Shares of NYSE:CW opened at $681.58 on Friday. The company has a 50 day moving average price of $650.99 and a two-hundred day moving average price of $578.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The company has a market capitalization of $25.13 billion, a PE ratio of 52.96, a PEG ratio of 3.32 and a beta of 0.91. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $730.12.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company had revenue of $946.98 million for the quarter, compared to analysts’ expectations of $890.14 million. During the same period last year, the firm posted $3.27 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s payout ratio is presently 7.46%.

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.