Renaissance Technologies LLC Boosts Stake in Curtiss-Wright Co. (NYSE:CW)

Renaissance Technologies LLC raised its holdings in Curtiss-Wright Co. (NYSE:CW) by 17.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,900 shares of the aerospace company’s stock after acquiring an additional 5,300 shares during the period. Renaissance Technologies LLC owned approximately 0.09% of Curtiss-Wright worth $12,385,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Norges Bank bought a new position in Curtiss-Wright in the fourth quarter valued at $201,856,000. William Blair Investment Management LLC bought a new position in shares of Curtiss-Wright during the 4th quarter valued at about $132,626,000. TimesSquare Capital Management LLC raised its holdings in shares of Curtiss-Wright by 1,773.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock valued at $62,483,000 after buying an additional 166,672 shares in the last quarter. Principal Financial Group Inc. lifted its position in Curtiss-Wright by 170.2% in the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock worth $92,065,000 after buying an additional 163,433 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after buying an additional 160,395 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CW. Citigroup decreased their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Truist Financial lifted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus cut their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.14.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 38,905 shares in the company, valued at $13,494,977.35. This trade represents a 17.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at $617,953.59. This represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,797 shares of company stock worth $7,436,255. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Trading Up 0.9 %

NYSE:CW opened at $320.64 on Wednesday. The firm has a market capitalization of $12.08 billion, a P/E ratio of 30.39, a P/E/G ratio of 2.48 and a beta of 1.03. 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 company has a fifty day moving average of $320.92 and a 200 day moving average of $345.62. Curtiss-Wright Co. has a 52 week low of $246.43 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, beating 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%. On average, research analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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