Allspring Global Investments Holdings LLC Has $118.96 Million Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Allspring Global Investments Holdings LLC lifted its position in shares of Curtiss-Wright Co. (NYSE:CW) by 90.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 338,506 shares of the aerospace company’s stock after purchasing an additional 160,395 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.89% of Curtiss-Wright worth $118,961,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Curtiss-Wright by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock worth $240,606,000 after buying an additional 27,607 shares during the period. Congress Asset Management Co. increased its position in shares of Curtiss-Wright by 136.8% during the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after acquiring an additional 265,205 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after acquiring an additional 403,701 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Curtiss-Wright by 7.3% during the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after acquiring an additional 22,543 shares during the period. Finally, Van ECK Associates Corp lifted its position in Curtiss-Wright by 29.0% in the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock valued at $88,847,000 after acquiring an additional 56,966 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling

In related news, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the completion of the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 116 shares of company stock worth $35,278 and sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Down 2.5 %

Shares of Curtiss-Wright stock opened at $341.92 on Thursday. The stock has a market cap of $12.98 billion, a P/E ratio of 32.35, a P/E/G ratio of 2.50 and a beta of 1.19. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12-month low of $225.33 and a 12-month high of $393.40. The business’s 50 day moving average is $358.44 and its 200-day moving average is $341.03.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. Equities research analysts predict that Curtiss-Wright Co. will post 10.72 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 issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is currently 7.95%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley lifted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock. Alembic Global Advisors started coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. 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 objective on the stock. Finally, Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.