Amalgamated Bank Lowers Stock Position in Curtiss-Wright Corporation (NYSE:CW)

Amalgamated Bank lowered its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,752 shares of the aerospace company's stock after selling 857 shares during the period. Amalgamated Bank's holdings in Curtiss-Wright were worth $5,632,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its holdings in Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after buying an additional 29 shares during the last quarter. Harbour Investments Inc. raised its holdings in Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock worth $111,000 after purchasing an additional 30 shares during the period. Ascent Group LLC lifted its position in shares of Curtiss-Wright by 4.9% during the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock valued at $253,000 after buying an additional 33 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Curtiss-Wright by 1.6% during the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock valued at $753,000 after purchasing an additional 34 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its stake in shares of Curtiss-Wright by 1.6% during the 1st quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock valued at $680,000 after buying an additional 34 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

CW has been the topic of a number of research analyst reports. 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. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Truist Financial cut their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, Citigroup upped their price target on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $418.00.

Curtiss-Wright Stock Up 4.4%

Shares of NYSE CW traded up $21.01 during midday trading on Friday, reaching $500.66. 130,150 shares of the company's stock traded hands, compared to its average volume of 287,787. The company has a market cap of $18.85 billion, a price-to-earnings ratio of 44.54, a P/E/G ratio of 3.20 and a beta of 1.15. Curtiss-Wright Corporation has a one year low of $258.85 and a one year high of $490.71. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37. The stock's 50 day simple moving average is $432.79 and its 200-day simple moving average is $368.71.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts' consensus estimates 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 13.38% and a return on equity of 18.02%. The firm's revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.99 earnings per share. On average, analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently announced 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. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's dividend payout ratio is currently 8.54%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares of the company's stock, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John C. Watts sold 450 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the sale, the vice president owned 4,959 shares in the company, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,130 shares of company stock valued at $2,726,412 in the last three months. 0.55% of the stock is owned by insiders.

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.