Curtiss-Wright Co. (NYSE:CW) Holdings Trimmed by Select Equity Group L.P.

Select Equity Group L.P. trimmed its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 52.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,371 shares of the aerospace company's stock after selling 88,059 shares during the quarter. Select Equity Group L.P. owned 0.21% of Curtiss-Wright worth $28,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake 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 in the last quarter. Invesco Ltd. raised its stake in Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock valued at $503,009,000 after buying an additional 84,635 shares in the last quarter. TD Asset Management Inc. raised its stake in Curtiss-Wright by 16.2% in the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after buying an additional 107,115 shares in the last quarter. Geode Capital Management LLC raised its stake in Curtiss-Wright by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock valued at $264,071,000 after buying an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock valued at $210,199,000 after buying an additional 6,971 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now directly owns 19,239 shares in the company, valued at approximately $6,265,757.52. This trade represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction 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 represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,642 shares of company stock worth $3,581,107 over the last ninety days. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded up $1.78 during trading on Tuesday, hitting $419.81. 252,316 shares of the stock were exchanged, compared to its average volume of 271,079. The company has a fifty day moving average price of $337.22 and a two-hundred day moving average price of $347.50. The company has a market cap of $15.81 billion, a PE ratio of 39.79, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $422.64.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly 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 return on equity of 17.11% and a net margin of 12.98%. The company had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the prior year, the company posted $1.99 EPS. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, June 16th. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CW. StockNews.com upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Stifel Nicolaus cut their price target 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. Citigroup cut 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. Finally, Truist Financial dropped their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Two 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 stock. 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 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.