Curtiss-Wright Co. (NYSE:CW) Shares Sold by Millennium Management LLC

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

Other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock valued at $1,178,000 after buying an additional 29 shares in the last quarter. Harbour Investments Inc. grew its position in Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock valued at $111,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Investment Partners LLC raised its stake in shares of Curtiss-Wright by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock valued at $326,000 after purchasing an additional 32 shares during the period. Baird Financial Group Inc. lifted its position in shares of Curtiss-Wright by 1.6% during the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after purchasing an additional 34 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in shares of Curtiss-Wright by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company's stock worth $275,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup dropped their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. StockNews.com upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Stifel Nicolaus decreased their target price 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. Finally, Truist Financial dropped 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 report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $377.43.

Curtiss-Wright Stock Up 0.4%

CW stock opened at $419.81 on Wednesday. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 39.79, a P/E/G ratio of 2.48 and a beta of 1.04. Curtiss-Wright Co. has a twelve month low of $258.85 and a twelve month high of $420.35. The business has a 50 day moving average price of $339.34 and a two-hundred day moving average price of $348.01. 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 (NYSE:CW - Get Free Report) last issued its 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. The company had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.99 EPS. Analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given 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 is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 42,887 shares in the company, valued at approximately $13,955,858.67. This represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,673,000.00. Following the completion of the sale, the chief financial officer now owns 9,253 shares of the company's stock, valued at approximately $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,642 shares of company stock valued at $3,581,107. Corporate insiders own 0.55% of the company's stock.

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.

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