William Blair Investment Management LLC Invests $132.63 Million in Curtiss-Wright Co. (NYSE:CW)

William Blair Investment Management LLC bought a new position in Curtiss-Wright Co. (NYSE:CW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 373,730 shares of the aerospace company’s stock, valued at approximately $132,626,000. William Blair Investment Management LLC owned approximately 0.98% of Curtiss-Wright at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CW. Atria Investments Inc boosted its position in Curtiss-Wright by 37.6% during the 3rd quarter. Atria Investments Inc now owns 3,743 shares of the aerospace company’s stock valued at $1,230,000 after purchasing an additional 1,022 shares during the period. Victory Capital Management Inc. grew its stake in Curtiss-Wright by 20.6% during the 3rd quarter. Victory Capital Management Inc. now owns 37,264 shares of the aerospace company’s stock worth $12,248,000 after buying an additional 6,368 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Curtiss-Wright during the 3rd quarter worth $542,000. KBC Group NV grew its stake in Curtiss-Wright by 8.6% during the 3rd quarter. KBC Group NV now owns 1,025 shares of the aerospace company’s stock worth $337,000 after buying an additional 81 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in Curtiss-Wright by 3.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial upped their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target for the company. Finally, Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $386.86.

Insider Activity

In other news, VP John C. Watts sold 622 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 116 shares of company stock worth $35,278 and sold 15,935 shares worth $5,528,147. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Trading Up 2.7 %

Shares of Curtiss-Wright stock opened at $322.52 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The business has a fifty day simple moving average of $339.57 and a 200-day simple moving average of $345.23. Curtiss-Wright Co. has a fifty-two week low of $241.44 and a fifty-two week high of $393.40.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data 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 fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.96%.

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.