Victory Capital Management Inc. Boosts Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Victory Capital Management Inc. lifted its stake in Curtiss-Wright Co. (NYSE:CW) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,241 shares of the aerospace company’s stock after buying an additional 12,977 shares during the period. Victory Capital Management Inc.’s holdings in Curtiss-Wright were worth $17,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in Curtiss-Wright in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright in the third quarter worth approximately $53,000. UMB Bank n.a. increased its stake in shares of Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after buying an additional 64 shares during the period. Brooklyn Investment Group bought a new stake in Curtiss-Wright during the 3rd quarter valued at $59,000. Finally, Morse Asset Management Inc purchased a new stake in Curtiss-Wright during the 3rd quarter valued at $69,000. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Kevin Rayment sold 2,664 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.92, for a total value of $924,194.88. Following the transaction, the chief operating officer now owns 24,236 shares of the company’s stock, valued at $8,407,953.12. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 15,935 shares valued at $5,528,147. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Stock Up 1.9 %

CW stock opened at $310.69 on Wednesday. Curtiss-Wright Co. has a fifty-two week low of $236.31 and a fifty-two week high of $393.40. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The business’s 50 day moving average price is $341.66 and its two-hundred day moving average price is $345.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping 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%. As a group, analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given 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 0.27%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

Analysts Set New Price Targets

CW has been the topic of a number of analyst reports. Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective on the stock. Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.