Brown Advisory Inc. Decreases Holdings in Curtiss-Wright Corporation (NYSE:CW)

Brown Advisory Inc. lowered its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 21.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 303,127 shares of the aerospace company's stock after selling 82,072 shares during the period. Brown Advisory Inc. owned 0.80% of Curtiss-Wright worth $96,173,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC lifted its position in shares of Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 94 shares during the period. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at $35,000. Private Trust Co. NA lifted its position in shares of Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 138 shares during the period. Ancora Advisors LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Curtiss-Wright by 165.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after buying an additional 124 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Buying and Selling

In related news, CFO K Christopher Farkas sold 4,780 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief financial officer owned 9,253 shares in the company, 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 filing with the SEC, which is accessible through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director owned 4,523 shares of the company's stock, valued at $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,130 shares of company stock worth $2,726,412. Insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Down 1.9%

Shares of CW traded down $8.97 during trading hours on Thursday, reaching $474.59. 313,269 shares of the stock traded hands, compared to its average volume of 288,406. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $443.91 and a 200 day simple moving average of $372.33. Curtiss-Wright Corporation has a 52 week low of $258.85 and a 52 week high of $493.95. The company has a market cap of $17.87 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 3.17 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The company had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same period last year, the firm earned $1.99 earnings per share. The firm's revenue was up 13.0% on a year-over-year basis. On average, equities analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 16th were 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 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Stifel Nicolaus lowered 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. Citigroup upped their price objective 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. Robert W. Baird upped their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Truist Financial lowered 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. Finally, Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $418.00.

About Curtiss-Wright

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.