Millennium Management LLC Has $23.28 Million Stock Position in Curtiss-Wright Co. (NYSE:CW)

Millennium Management LLC trimmed its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 55.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,601 shares of the aerospace company's stock after selling 81,820 shares during the quarter. Millennium Management LLC owned approximately 0.17% of Curtiss-Wright worth $23,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $31,000. Ancora Advisors LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $49,000. UMB Bank n.a. grew its stake in shares of Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Curtiss-Wright during the fourth quarter valued at approximately $70,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock valued at $82,000 after purchasing an additional 105 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the sale, the chief financial officer now directly owns 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Lynn M. Bamford sold 3,131 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the sale, the chief executive officer now owns 42,887 shares in the company, valued at approximately $13,955,858.67. The trade was a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,642 shares of company stock worth $3,581,107. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Trading Up 3.0%

CW stock traded up $12.59 during midday trading on Monday, reaching $428.52. The company's stock had a trading volume of 379,845 shares, compared to its average volume of 272,858. Curtiss-Wright Co. has a 52 week low of $258.85 and a 52 week high of $430.07. The stock has a market cap of $16.14 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The business's 50-day simple moving average is $346.97 and its 200-day simple moving average is $349.30.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced 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. The firm had revenue of $805.65 million for the quarter, compared to analysts' expectations of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $1.99 earnings per share. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be issued a $0.24 dividend. The ex-dividend date is Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.22%. Curtiss-Wright's dividend payout ratio (DPR) is 8.54%.

Analyst Ratings Changes

Several research firms have recently commented on CW. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Citigroup decreased their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Truist Financial decreased their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird increased their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Stifel Nicolaus reduced their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average target price of $404.29.

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.