Cresset Asset Management LLC Has $588,000 Position in Curtiss-Wright Co. (NYSE:CW)

Cresset Asset Management LLC lessened its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 66.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,656 shares of the aerospace company's stock after selling 3,273 shares during the period. Cresset Asset Management LLC's holdings in Curtiss-Wright were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wallace Advisory Group LLC bought a new stake in Curtiss-Wright during the 4th quarter valued at approximately $208,000. Assenagon Asset Management S.A. bought a new position in shares of Curtiss-Wright in the fourth quarter valued at $13,395,000. Kathmere Capital Management LLC lifted its holdings in Curtiss-Wright by 8.5% during the 4th quarter. Kathmere Capital Management LLC now owns 731 shares of the aerospace company's stock worth $259,000 after purchasing an additional 57 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Curtiss-Wright by 23.1% in the 4th quarter. Park Avenue Securities LLC now owns 5,615 shares of the aerospace company's stock valued at $1,993,000 after purchasing an additional 1,054 shares in the last quarter. Finally, Radnor Capital Management LLC lifted its holdings in shares of Curtiss-Wright by 3.9% during the fourth quarter. Radnor Capital Management LLC now owns 7,417 shares of the aerospace company's stock worth $2,632,000 after purchasing an additional 276 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO K Christopher Farkas sold 4,780 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the completion of the transaction, the chief financial officer now owns 9,253 shares in the company, valued at $3,238,550. The trade was a 34.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction 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 $617,953.59. This trade represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,642 shares of company stock worth $3,581,107 in the last quarter. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CW. Stifel Nicolaus cut their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. StockNews.com upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Citigroup lowered their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Truist Financial lowered their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $377.43.

Curtiss-Wright Stock Up 0.2%

CW stock traded up $0.83 on Monday, reaching $410.94. 21,410 shares of the company traded hands, compared to its average volume of 269,921. The firm has a fifty day simple moving average of $335.15 and a 200-day simple moving average of $347.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The company has a market cap of $15.48 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. Curtiss-Wright Co. has a one year low of $258.85 and a one year high of $413.76.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.99 earnings per share. Research analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

About Curtiss-Wright

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.