BlackRock Amends Curtiss-Wright Stake, Signals Continued Confidence
Ticker: CW · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock's still a major holder of Curtiss-Wright, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of CURTISS WRIGHT CORP (CW) common stock as of December 31, 2023. This amendment (Amendment No. 3) updates their previous holdings, showing that BlackRock continues to be a significant institutional investor in Curtiss-Wright. This matters to investors because BlackRock's continued substantial stake signals confidence in the company's long-term prospects, potentially influencing other investors' perceptions and the stock's stability.
Why It Matters
BlackRock's updated filing confirms its ongoing significant investment in Curtiss-Wright, which can be seen as a vote of confidence from one of the world's largest asset managers.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate risks or significant changes in company fundamentals.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which suggests institutional confidence in Curtiss-Wright, but this filing alone doesn't warrant immediate action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and a major institutional investor
- CURTISS WRIGHT CORP (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant stake in Curtiss-Wright throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the 'reporting person' in this filing?
The reporting person is BlackRock, Inc., identified by CIK 0001364742.
What is the 'subject company' whose securities are being reported?
The subject company is CURTISS WRIGHT CORP, identified by CIK 0000026324.
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires this filing is December 31, 2023.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of CURTISS WRIGHT CORPORATION is 231561101.
From the Filing
EDGAR Filing Documents for 0001086364-24-002069 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002069 Filing Date 2024-01-24 Accepted 2024-01-24 09:46:44 Documents 1 Document Format Files Seq Description Document Type Size 1 us2315611010_012324.txt SC 13G/A 11958 Complete submission text file 0001086364-24-002069.txt 13808 Mailing Address 130 HARBOUR PLACE DRIVE SUITE 300 DAVIDSON NC 28036 Business Address 130 HARBOUR PLACE DRIVE SUITE 300 DAVIDSON NC 28036 7048694600 CURTISS WRIGHT CORP (Subject) CIK : 0000026324 (see all company filings) EIN. : 130612970 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-31682 | Film No.: 24554671 SIC : 3590 Misc Industrial & Commercial Machinery & Equipment (CF Office: 06 Technology) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)