Boston Partners Has $318.39 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

Boston Partners decreased its position in Curtiss-Wright Co. (NYSE:CW) by 10.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 896,950 shares of the aerospace company’s stock after selling 100,334 shares during the period. Boston Partners owned approximately 2.36% of Curtiss-Wright worth $318,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CW. Intech Investment Management LLC boosted its stake in Curtiss-Wright by 437.3% in the 4th quarter. Intech Investment Management LLC now owns 6,544 shares of the aerospace company’s stock worth $2,322,000 after purchasing an additional 5,326 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Curtiss-Wright by 1.5% during the 4th quarter. Advisors Asset Management Inc. now owns 14,725 shares of the aerospace company’s stock worth $5,225,000 after buying an additional 218 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Curtiss-Wright by 41.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 22,086 shares of the aerospace company’s stock valued at $7,837,000 after purchasing an additional 6,477 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $132,626,000. Finally, Harbour Investments Inc. raised its holdings in shares of Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CW has been the topic of several research analyst reports. Citigroup initiated 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 target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.86.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $328.82 on Tuesday. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a fifty day moving average of $339.13 and a 200-day moving average of $345.33. Curtiss-Wright Co. has a 52-week low of $241.44 and a 52-week high of $393.40.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Equities research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Insider Buying and Selling at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the transaction, the chief executive officer now owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $215,865.10. Following the sale, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 116 shares of company stock worth $35,278 and sold 15,935 shares worth $5,528,147. 0.67% of the stock is owned by company insiders.

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.