Curtiss-Wright Co. (NYSE:CW) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,986 shares of the aerospace company's stock after selling 14,076 shares during the quarter. Ameriprise Financial Inc. owned about 0.78% of Curtiss-Wright worth $104,688,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth about $31,000. Ancora Advisors LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter valued at about $49,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Curtiss-Wright in the 3rd quarter valued at approximately $53,000. UMB Bank n.a. lifted its holdings in shares of Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after acquiring an additional 64 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $70,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Insider Activity

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the firm's stock in a transaction that occurred 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 trade represents a 34.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP George P. Mcdonald sold 148 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now owns 1,899 shares of the company's stock, valued at $617,953.59. This represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,642 shares of company stock worth $3,581,107. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on CW shares. Citigroup decreased their price target on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus decreased 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. Finally, Truist Financial dropped their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Two investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $377.43.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $363.00 on Thursday. 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 $13.67 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. The stock's 50-day moving average is $323.77 and its two-hundred day moving average is $344.97. Curtiss-Wright Co. has a 1-year low of $258.85 and a 1-year high of $393.40.

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

Curtiss-Wright 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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