92,675 Shares in Curtiss-Wright Corporation $CW Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. purchased a new stake in Curtiss-Wright Corporation (NYSE:CW) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 92,675 shares of the aerospace company’s stock, valued at approximately $51,089,000.

A number of other institutional investors have also recently bought and sold shares of CW. Goldman Sachs Group Inc. lifted its holdings in shares of Curtiss-Wright by 10.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after acquiring an additional 20,379 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Curtiss-Wright during the second quarter worth $235,000. Global Retirement Partners LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter valued at $313,000. CreativeOne Wealth LLC bought a new stake in Curtiss-Wright during the 2nd quarter worth $236,000. Finally, XTX Topco Ltd acquired a new position in Curtiss-Wright in the 2nd quarter worth about $872,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $631.98 on Tuesday. The company has a fifty day moving average price of $676.54 and a 200-day moving average price of $601.11. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 49.10, a PEG ratio of 3.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $730.12.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The company had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. During the same period in the prior year, the company posted $3.27 earnings per share. Curtiss-Wright’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is 7.46%.

Analyst Upgrades and Downgrades

CW has been the topic of several recent research reports. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a report on Friday, January 9th. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $663.17.

Insiders Place Their Bets

In other news, VP Robert F. Freda sold 140 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $678.61, for a total transaction of $95,005.40. Following the transaction, the vice president owned 5,343 shares of the company’s stock, valued at $3,625,813.23. This represents a 2.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John C. Watts sold 220 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $678.11, for a total value of $149,184.20. Following the completion of the sale, the executive vice president owned 4,182 shares in the company, valued at $2,835,856.02. This represents a 5.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 23,112 shares of company stock valued at $14,768,527. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.