Geode Capital Management LLC Increases Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Geode Capital Management LLC boosted its position in shares of Curtiss-Wright Co. (NYSE:CW) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 743,934 shares of the aerospace company’s stock after purchasing an additional 12,086 shares during the period. Geode Capital Management LLC’s holdings in Curtiss-Wright were worth $264,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI grew its position in shares of Curtiss-Wright by 1,028.8% during the 4th quarter. National Bank of Canada FI now owns 50,344 shares of the aerospace company’s stock valued at $17,866,000 after purchasing an additional 45,884 shares in the last quarter. Franklin Resources Inc. grew its position in Curtiss-Wright by 4.6% during the fourth quarter. Franklin Resources Inc. now owns 347,206 shares of the aerospace company’s stock worth $123,213,000 after buying an additional 15,159 shares in the last quarter. Summit Financial LLC bought a new position in Curtiss-Wright in the 4th quarter worth about $251,000. Alliancebernstein L.P. raised its holdings in shares of Curtiss-Wright by 1.2% in the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock valued at $210,199,000 after acquiring an additional 6,971 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Curtiss-Wright during the fourth quarter valued at approximately $159,000. Institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the completion of the sale, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Performance

NYSE CW opened at $283.63 on Friday. The company has a 50-day simple moving average of $327.23 and a two-hundred day simple moving average of $346.69. Curtiss-Wright Co. has a 12-month low of $246.43 and a 12-month high of $393.40. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 26.88, 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 issued 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%. On average, equities analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.30%. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CW. Citigroup started coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Truist Financial raised their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

About Curtiss-Wright

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.