Curtiss-Wright Co. (NYSE:CW) Shares Sold by Cadinha & Co. LLC

Cadinha & Co. LLC lessened its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 34.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,544 shares of the aerospace company's stock after selling 23,497 shares during the period. Curtiss-Wright comprises 3.1% of Cadinha & Co. LLC's portfolio, making the stock its 13th largest holding. Cadinha & Co. LLC owned approximately 0.12% of Curtiss-Wright worth $14,450,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CW. Vanguard Group Inc. increased its position in Curtiss-Wright by 0.4% during the fourth 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 during the last quarter. Invesco Ltd. increased its position in Curtiss-Wright by 6.4% during the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after purchasing an additional 84,635 shares during the last quarter. TD Asset Management Inc. increased its position in Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock worth $271,977,000 after purchasing an additional 107,115 shares during the last quarter. Geode Capital Management LLC grew its stake in Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after buying an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Curtiss-Wright by 1.2% during the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after buying an additional 6,971 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Robert W. Baird boosted 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. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Truist Financial decreased their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Citigroup decreased their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $404.29.

Insider Buying and Selling at Curtiss-Wright

In other news, VP George P. Mcdonald sold 148 shares of the firm's 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 transaction, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John C. Watts sold 450 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the completion of the transaction, the vice president now owns 4,959 shares in the company, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,092 shares of company stock worth $3,783,319 in the last ninety days. 0.55% of the stock is owned by insiders.

Curtiss-Wright Stock Down 0.3%

Shares of CW stock traded down $1.17 on Friday, hitting $439.79. The stock had a trading volume of 440,285 shares, compared to its average volume of 276,748. The firm has a market capitalization of $16.56 billion, a price-to-earnings ratio of 41.69, a P/E/G ratio of 2.48 and a beta of 1.04. The stock's 50 day moving average is $355.93 and its 200-day moving average is $351.15. 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 Co. has a 52-week low of $258.85 and a 52-week high of $453.02.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The firm had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. During the same period in the prior year, the firm posted $1.99 EPS. The firm's revenue was up 13.0% compared to the same quarter last year. As a group, research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current 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 paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.22%. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. Curtiss-Wright's dividend payout ratio is 8.54%.

Curtiss-Wright 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.