Gotham Asset Management LLC Has $7.01 Million Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Gotham Asset Management LLC lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,740 shares of the aerospace company’s stock after selling 667 shares during the period. Gotham Asset Management LLC owned approximately 0.05% of Curtiss-Wright worth $7,005,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CW. Norges Bank acquired a new position in Curtiss-Wright in the 4th quarter valued at approximately $201,856,000. William Blair Investment Management LLC acquired a new position in Curtiss-Wright in the 4th quarter valued at approximately $132,626,000. TimesSquare Capital Management LLC raised its holdings in Curtiss-Wright by 1,773.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock valued at $62,483,000 after acquiring an additional 166,672 shares in the last quarter. Principal Financial Group Inc. raised its holdings 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 valued at $92,065,000 after acquiring an additional 163,433 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Curtiss-Wright by 90.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after acquiring an additional 160,395 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 2.0%

NYSE CW opened at $395.27 on Wednesday. The firm has a market cap of $14.89 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. Curtiss-Wright Co. has a one year low of $258.85 and a one year high of $399.25. The stock’s 50 day simple moving average is $329.39 and its 200 day simple moving average is $345.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Curtiss-Wright’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.99 EPS. As a group, sell-side analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup lowered their price objective on 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 lowered their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus lowered their price objective on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $377.43.

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the transaction, the chief financial officer now owns 9,253 shares of the company’s stock, valued at $3,238,550. This represents a 34.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the transaction, the chief executive officer now directly owns 42,887 shares in the company, valued at approximately $13,955,858.67. This trade represents a 6.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,642 shares of company stock worth $3,581,107. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Company 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.