Congress Asset Management Co. Has $129.93 Million Position in Curtiss-Wright Co. (NYSE:CW)

Congress Asset Management Co. trimmed its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 7.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 409,528 shares of the aerospace company's stock after selling 32,270 shares during the period. Curtiss-Wright makes up about 1.0% of Congress Asset Management Co.'s investment portfolio, making the stock its 27th biggest position. Congress Asset Management Co. owned 1.09% of Curtiss-Wright worth $129,931,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CW. DAVENPORT & Co LLC lifted its holdings in Curtiss-Wright by 5.0% during the 4th quarter. DAVENPORT & Co LLC now owns 1,194 shares of the aerospace company's stock valued at $424,000 after purchasing an additional 57 shares during the last quarter. Spire Wealth Management bought a new position in Curtiss-Wright during the 4th quarter valued at about $102,000. YANKCOM Partnership bought a new position in Curtiss-Wright during the 4th quarter valued at about $31,000. Oakworth Capital Inc. lifted its holdings in Curtiss-Wright by 21.0% during the 4th quarter. Oakworth Capital Inc. now owns 513 shares of the aerospace company's stock valued at $182,000 after purchasing an additional 89 shares during the last quarter. Finally, Triasima Portfolio Management inc. bought a new position in Curtiss-Wright during the 4th quarter valued at about $302,000. 82.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Truist Financial cut their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Citigroup lowered 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 report on Thursday, April 10th. Finally, Stifel Nicolaus lowered 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 report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $404.29.

Curtiss-Wright Price Performance

CW traded up $4.40 during midday trading on Friday, hitting $453.36. The company had a trading volume of 275,290 shares, compared to its average volume of 277,552. Curtiss-Wright Co. has a twelve month low of $258.85 and a twelve month high of $455.22. The firm's 50-day simple moving average is $368.49 and its 200-day simple moving average is $354.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market capitalization of $17.07 billion, a PE ratio of 42.97, a P/E/G ratio of 2.48 and a beta of 1.14.

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 12.98% and a return on equity of 17.11%. The company had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. During the same quarter in the previous year, the company earned $1.99 EPS. Curtiss-Wright's revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be given a dividend of $0.24 per share. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.21%. Curtiss-Wright's payout ratio is currently 8.54%.

Insider Transactions at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 658 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total transaction of $214,297.44. Following the completion of the transaction, the insider now owns 19,239 shares in the company, valued at approximately $6,265,757.52. The trade was a 3.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the transaction, the director now owns 4,523 shares of the company's stock, valued at approximately $2,026,304. This represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,992 shares of company stock worth $4,634,519 in the last quarter. 0.55% of the stock is owned by company 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.