TD Asset Management Inc. Has $271.98 Million Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

TD Asset Management Inc. boosted its position in Curtiss-Wright Co. (NYSE:CW) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 766,413 shares of the aerospace company’s stock after acquiring an additional 107,115 shares during the quarter. TD Asset Management Inc. owned 2.02% of Curtiss-Wright worth $271,977,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Modern Wealth Management LLC bought a new position in shares of Curtiss-Wright in the 4th quarter valued at $299,000. EntryPoint Capital LLC grew its position in Curtiss-Wright by 53.7% in the fourth quarter. EntryPoint Capital LLC now owns 1,108 shares of the aerospace company’s stock valued at $393,000 after acquiring an additional 387 shares during the last quarter. Vanguard Group Inc. raised its stake in Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after acquiring an additional 15,890 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Curtiss-Wright by 65.7% in the fourth quarter. LPL Financial LLC now owns 25,069 shares of the aerospace company’s stock worth $8,896,000 after acquiring an additional 9,939 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Curtiss-Wright in the fourth quarter worth about $401,000. 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Citigroup began coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target for the company. Finally, Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.86.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright 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 $1,018,858.71. Following the completion of the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at approximately $13,955,858.67. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. In 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. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

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

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. As a group, equities analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business 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 $0.21 dividend. 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 payout ratio is presently 7.96%.

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.