Curtiss-Wright Co. (NYSE:CW) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lessened its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 289,867 shares of the aerospace company's stock after selling 4,981 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.76% of Curtiss-Wright worth $102,865,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CW. YANKCOM Partnership acquired a new position in Curtiss-Wright during the 4th quarter valued at approximately $31,000. Minot DeBlois Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter valued at approximately $35,000. Ancora Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter valued at approximately $49,000. UMB Bank n.a. increased its stake in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after purchasing an additional 64 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in Curtiss-Wright during the 4th quarter valued at approximately $70,000. Institutional investors own 82.71% of the company's stock.

Insider Buying and Selling at Curtiss-Wright

In other news, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Kevin Rayment sold 1,003 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.73, for a total transaction of $326,707.19. Following the completion of the sale, the chief operating officer now owns 25,863 shares of the company's stock, valued at $8,424,354.99. This trade represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock valued at $3,581,107 over the last ninety days. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CW shares. StockNews.com upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Truist Financial dropped their price objective 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. Citigroup dropped their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Stifel Nicolaus dropped their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two equities research 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $377.43.

Curtiss-Wright Stock Performance

NYSE CW traded up $7.90 during mid-day trading on Monday, reaching $418.01. 246,602 shares of the stock were exchanged, compared to its average volume of 270,769. The business's 50 day moving average is $337.22 and its 200-day moving average is $347.50. Curtiss-Wright Co. has a 1 year low of $258.85 and a 1 year high of $422.64. The company has a market capitalization of $15.74 billion, a P/E ratio of 39.62, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

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, beating the consensus estimate of $2.39 by $0.43. The business had revenue of $805.65 million for 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 company's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $1.99 earnings per share. On average, equities research analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

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

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.