Curtiss-Wright Corporation (NYSE:CW) Position Reduced by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 303,127 shares of the aerospace company's stock after selling 82,072 shares during the period. Brown Advisory Inc. owned about 0.80% of Curtiss-Wright worth $96,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC lifted its stake in shares of Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $35,000. Private Trust Co. NA lifted its stake in shares of Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 138 shares during the period. Ancora Advisors LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $49,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Curtiss-Wright by 165.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Wall Street Analyst Weigh In

CW has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday. Citigroup lifted their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Stifel Nicolaus cut their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird lifted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $418.00.

Curtiss-Wright Trading Down 0.2%

CW stock traded down $1.01 on Friday, hitting $473.48. 352,668 shares of the company were exchanged, compared to its average volume of 288,662. Curtiss-Wright Corporation has a twelve month low of $258.85 and a twelve month high of $495.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. The business's fifty day moving average is $443.91 and its two-hundred day moving average is $372.33. The stock has a market capitalization of $17.83 billion, a price-to-earnings ratio of 42.12, a price-to-earnings-growth ratio of 3.17 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the prior year, the business posted $1.99 earnings per share. Curtiss-Wright's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio is presently 8.54%.

Insider Transactions at Curtiss-Wright

In other news, Director Bruce D. Hoechner sold 1,900 shares of the 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 sale, the director owned 4,523 shares of the company's stock, valued at $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $1,673,000.00. Following the completion of the sale, the chief financial officer directly owned 9,253 shares of the company's stock, valued at $3,238,550. The trade was a 34.06% 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 over the last 90 days. Corporate insiders own 0.55% of the company's stock.

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.