Curtiss-Wright Co. (NYSE:CW) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in Curtiss-Wright Co. (NYSE:CW) by 39.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,094 shares of the aerospace company’s stock after buying an additional 4,270 shares during the period. Russell Investments Group Ltd.’s holdings in Curtiss-Wright were worth $3,363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiera Capital Corp acquired a new stake in shares of Curtiss-Wright during the third quarter worth about $31,386,000. International Assets Investment Management LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth about $31,816,000. Seizert Capital Partners LLC increased its position in shares of Curtiss-Wright by 674.7% during the third quarter. Seizert Capital Partners LLC now owns 111,826 shares of the aerospace company’s stock worth $21,877,000 after purchasing an additional 97,392 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth about $18,462,000. Finally, Cadinha & Co. LLC increased its position in shares of Curtiss-Wright by 1,101.1% during the fourth quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock worth $15,507,000 after purchasing an additional 63,810 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

Shares of CW opened at $277.33 on Monday. Curtiss-Wright Co. has a twelve month low of $157.85 and a twelve month high of $279.90. The stock’s 50 day moving average is $252.87 and its two-hundred day moving average is $231.46. The firm has a market capitalization of $10.62 billion, a PE ratio of 28.56 and a beta of 1.18. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The company had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same quarter in the previous year, the company earned $1.53 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts anticipate that Curtiss-Wright Co. will post 10.31 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Monday, June 17th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. Curtiss-Wright’s payout ratio is currently 8.24%.

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the completion of the sale, the chief financial officer now directly owns 10,052 shares in the company, valued at approximately $2,448,164.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the completion of the sale, the chief financial officer now directly owns 10,052 shares in the company, valued at approximately $2,448,164.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the sale, the vice president now owns 17,383 shares of the company’s stock, valued at $4,171,920. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,451 shares of company stock valued at $3,030,512. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CW. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 5th. Truist Financial lifted their target price on Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Robert W. Baird raised their price target on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Morgan Stanley raised their price target on Curtiss-Wright from $260.00 to $284.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, Stifel Nicolaus raised their price target on Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $277.00.

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.