Cresset Asset Management LLC Cuts Stake in Curtiss-Wright Co. (NYSE:CW)

Cresset Asset Management LLC lessened its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 66.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CW. Vanguard Group Inc. increased its position in Curtiss-Wright by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock worth $1,289,608,000 after purchasing an additional 15,890 shares during the period. Invesco Ltd. grew its holdings in shares of Curtiss-Wright by 6.4% in the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after acquiring an additional 84,635 shares during the period. TD Asset Management Inc. grew its holdings in shares of Curtiss-Wright by 16.2% in the 4th 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 period. Geode Capital Management LLC grew its holdings in shares of Curtiss-Wright by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after acquiring an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Curtiss-Wright by 1.2% in the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after acquiring an additional 6,971 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Trading Up 0.7%

Shares of CW stock traded up $2.94 during mid-day trading on Friday, hitting $410.05. 214,042 shares of the company's stock were exchanged, compared to its average volume of 270,301. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $410.35. The stock has a 50-day simple moving average of $335.15 and a two-hundred day simple moving average of $347.05. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted 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. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The business had revenue of $805.65 million for the quarter, compared to analysts' expectations of $767.32 million. During the same quarter last year, the firm earned $1.99 earnings per share. The business's revenue was up 13.0% on a year-over-year basis. Equities analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.24 per share. 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 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is 8.54%.

Insider Transactions at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at approximately $3,238,550. This trade represents a 34.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction on Tuesday, March 18th. The stock was 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 in the company, 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 over the last quarter. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.