William Blair Investment Management LLC Purchases New Stake in Curtiss-Wright Co. (NYSE:CW)

William Blair Investment Management LLC bought a new position in Curtiss-Wright Co. (NYSE:CW) during the 4th quarter, HoldingsChannel.com reports. The fund bought 373,730 shares of the aerospace company’s stock, valued at approximately $132,626,000.

Several other hedge funds also recently bought and sold shares of CW. Atria Investments Inc increased its position in Curtiss-Wright by 37.6% in the 3rd quarter. Atria Investments Inc now owns 3,743 shares of the aerospace company’s stock worth $1,230,000 after purchasing an additional 1,022 shares during the last quarter. Victory Capital Management Inc. increased its position in Curtiss-Wright by 20.6% in the 3rd quarter. Victory Capital Management Inc. now owns 37,264 shares of the aerospace company’s stock worth $12,248,000 after purchasing an additional 6,368 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Curtiss-Wright in the 3rd quarter worth about $542,000. KBC Group NV increased its position in Curtiss-Wright by 8.6% in the 3rd quarter. KBC Group NV now owns 1,025 shares of the aerospace company’s stock worth $337,000 after purchasing an additional 81 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in Curtiss-Wright by 3.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 37 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares in the company, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 of the company’s stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 116 shares of company stock worth $35,278 and sold 15,935 shares worth $5,528,147. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $322.52 on Monday. The business has a 50 day moving average price of $339.57 and a 200 day moving average price of $345.23. Curtiss-Wright Co. has a twelve month low of $241.44 and a twelve month high of $393.40. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 2.48 and a beta of 1.15. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Research analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright’s payout ratio is 7.96%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CW. Citigroup began coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a report on Monday, November 18th. Finally, Truist Financial increased their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. 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 data from MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

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.