International Assets Investment Management LLC trimmed its holdings in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,139 shares of the aerospace company’s stock after selling 84 shares during the period. International Assets Investment Management LLC’s holdings in Curtiss-Wright were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its holdings in Curtiss-Wright by 0.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock valued at $1,178,000 after buying an additional 29 shares during the period. Harbour Investments Inc. increased its stake in Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock valued at $111,000 after acquiring an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC raised its position in Curtiss-Wright by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 32 shares in the last quarter. Ascent Group LLC lifted its stake in Curtiss-Wright by 4.9% during the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock worth $253,000 after purchasing an additional 33 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Curtiss-Wright by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company’s stock valued at $753,000 after purchasing an additional 34 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.
Insider Transactions at Curtiss-Wright
In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the sale, the chief financial officer now owns 9,253 shares of the company’s stock, valued at approximately $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John C. Watts sold 450 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the transaction, the vice president now directly owns 4,959 shares in the company, valued at $2,228,376.24. This represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,130 shares of company stock worth $2,726,412 over the last ninety days. 0.55% of the stock is owned by insiders.
Curtiss-Wright Stock Up 1.0%
Curtiss-Wright (NYSE:CW – Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. During the same quarter last year, the firm earned $1.99 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.
Curtiss-Wright Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. Curtiss-Wright’s dividend payout ratio is presently 8.54%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on CW shares. Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 24th. Robert W. Baird boosted their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Citigroup raised their price target on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a “buy” rating in a research note on Monday, June 9th. Truist Financial lowered their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus cut their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $418.00.
Get Our Latest Analysis on Curtiss-Wright
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.
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