TD Asset Management Inc. Acquires 107,115 Shares of Curtiss-Wright Co. (NYSE:CW)

TD Asset Management Inc. lifted its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 766,413 shares of the aerospace company’s stock after acquiring an additional 107,115 shares during the period. TD Asset Management Inc.’s holdings in Curtiss-Wright were worth $271,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pathstone Holdings LLC boosted its stake in Curtiss-Wright by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 4,388 shares of the aerospace company’s stock valued at $1,442,000 after purchasing an additional 45 shares during the last quarter. Caprock Group LLC boosted its position in shares of Curtiss-Wright by 13.4% during the third quarter. Caprock Group LLC now owns 890 shares of the aerospace company’s stock valued at $293,000 after buying an additional 105 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Curtiss-Wright by 854.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 16,973 shares of the aerospace company’s stock worth $5,578,000 after buying an additional 15,194 shares in the last quarter. Eagle Asset Management Inc. raised its position in Curtiss-Wright by 3.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 26,011 shares of the aerospace company’s stock valued at $8,550,000 after buying an additional 754 shares during the last quarter. Finally, Citigroup Inc. raised its position in Curtiss-Wright by 6.4% in the 3rd quarter. Citigroup Inc. now owns 56,058 shares of the aerospace company’s stock valued at $18,426,000 after buying an additional 3,362 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Finally, 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. Two research 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 622 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the sale, the vice president now owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $336.56 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market capitalization of $12.67 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. Curtiss-Wright Co. has a 52-week low of $246.43 and a 52-week high of $393.40. The company has a 50-day simple moving average of $336.99 and a 200 day simple moving average of $346.08.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping analysts’ consensus estimates 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 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 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.