Greenwood Capital Associates LLC Sells 983 Shares of Curtiss-Wright Co. (NYSE:CW)

Greenwood Capital Associates LLC trimmed its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 33.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,944 shares of the aerospace company's stock after selling 983 shares during the period. Greenwood Capital Associates LLC's holdings in Curtiss-Wright were worth $617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of 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 buying an additional 15,890 shares in the last quarter. Invesco Ltd. grew its holdings in Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after acquiring an additional 84,635 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Curtiss-Wright by 16.2% in the 4th 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 raised its stake in shares of Curtiss-Wright by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock valued at $264,071,000 after purchasing an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of 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 purchasing an additional 6,971 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Down 0.2%

Shares of NYSE:CW traded down $0.76 during trading on Friday, reaching $473.43. 273,736 shares of the company traded hands, compared to its average volume of 280,312. The firm has a fifty day simple moving average of $381.73 and a 200 day simple moving average of $356.99. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 1-year low of $258.85 and a 1-year high of $479.33. The firm has a market cap of $17.83 billion, a P/E ratio of 44.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. During the same quarter last year, the firm earned $1.99 earnings per share. The business's revenue for the quarter was up 13.0% on a year-over-year basis. Analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share 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 paid a dividend of $0.24 per share. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. Curtiss-Wright's dividend payout ratio is 8.54%.

Wall Street Analyst Weigh In

CW has been the subject of several research analyst reports. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a 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 report on Thursday, May 22nd. Truist Financial dropped their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Citigroup boosted their price target on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a report on Monday. Finally, Stifel Nicolaus dropped 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $418.00.

Insider Activity

In related news, CFO K Christopher Farkas sold 4,780 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at approximately $3,238,550. This trade represents a 34.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the completion of the sale, the director now owns 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,992 shares of company stock worth $4,634,519. 0.55% of the stock is owned by corporate insiders.

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.