Franklin Resources Inc. Buys 15,159 Shares of Curtiss-Wright Co. (NYSE:CW)

Franklin Resources Inc. grew its position in Curtiss-Wright Co. (NYSE:CW) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 347,206 shares of the aerospace company’s stock after purchasing an additional 15,159 shares during the quarter. Franklin Resources Inc. owned approximately 0.91% of Curtiss-Wright worth $123,213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in 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 buying an additional 15,890 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of Curtiss-Wright by 16.2% in the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock worth $271,977,000 after acquiring an additional 107,115 shares during the last quarter. Geode Capital Management LLC increased its position 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 acquiring an additional 27,607 shares during the period. Alliancebernstein L.P. raised its stake in Curtiss-Wright by 1.2% during the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock valued at $210,199,000 after purchasing an additional 6,971 shares during the last quarter. Finally, Norges Bank bought a new stake in Curtiss-Wright in the 4th quarter valued at $201,856,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft assumed coverage on 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 started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Trading Up 1.0 %

Shares of CW opened at $325.70 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock 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. Curtiss-Wright Co. has a 1 year low of $246.43 and a 1 year high of $393.40. The stock has a 50 day simple moving average of $330.84 and a 200-day simple moving average of $346.98.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.26%. Curtiss-Wright’s dividend payout ratio is 7.96%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the business’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 completion of the transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following 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 disclosure for this sale can be found here. Over the last 90 days, insiders bought 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. Company 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.