Franklin Resources Inc. Has $123.21 Million Holdings in Curtiss-Wright Co. (NYSE:CW)

Franklin Resources Inc. boosted its holdings in Curtiss-Wright Co. (NYSE:CW) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 347,206 shares of the aerospace company’s stock after buying an additional 15,159 shares during the period. Franklin Resources Inc.’s holdings in Curtiss-Wright were worth $123,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Curtiss-Wright by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock valued at $1,289,608,000 after purchasing an additional 15,890 shares during the period. TD Asset Management Inc. lifted its stake in Curtiss-Wright by 16.2% in the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock valued at $271,977,000 after buying an additional 107,115 shares during the period. Geode Capital Management LLC boosted its holdings in Curtiss-Wright by 3.9% during the third 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 last quarter. Alliancebernstein L.P. grew its position in shares of Curtiss-Wright by 1.2% during the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock worth $210,199,000 after buying an additional 6,971 shares during the period. Finally, Norges Bank bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $201,856,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $325.70 on Thursday. The company has a fifty day moving average price of $330.84 and a 200 day moving average price of $346.98. Curtiss-Wright Co. has a 1-year low of $246.43 and a 1-year high of $393.40. The firm has a market cap of $12.27 billion, a PE ratio of 30.87, a PEG ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Research analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s payout ratio is 7.96%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CW shares. Truist Financial boosted their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. 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, Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $386.86.

Insider Activity at Curtiss-Wright

In other news, 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 sale, the vice president now owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This represents a 7.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.55% of the stock is owned by insiders.

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.