Victory Capital Management Inc. Has $13.92 Million Stake in Curtiss-Wright Corporation (NYSE:CW)

Victory Capital Management Inc. cut its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 12.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,881 shares of the aerospace company's stock after selling 6,360 shares during the period. Victory Capital Management Inc. owned about 0.12% of Curtiss-Wright worth $13,922,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Minot DeBlois Advisors LLC bought a new position in shares of Curtiss-Wright in the 4th quarter worth $35,000. Whipplewood Advisors LLC lifted its holdings in Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after acquiring an additional 94 shares in the last quarter. Ancora Advisors LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $49,000. Private Trust Co. NA lifted its holdings in Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after acquiring an additional 138 shares in the last quarter. Finally, Altshuler Shaham Ltd bought a new position in Curtiss-Wright during the fourth quarter worth about $70,000. 82.71% of the stock is currently owned by institutional investors.

Insider Transactions at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the transaction, the vice president directly owned 4,959 shares of the company's stock, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,130 shares of company stock valued at $2,726,412. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CW. Citigroup lifted their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Robert W. Baird boosted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Morgan Stanley boosted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Finally, Truist Financial cut their price target on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $467.14.

Curtiss-Wright Trading Up 1.3%

NYSE CW traded up $6.09 on Friday, reaching $484.82. The company had a trading volume of 167,532 shares, compared to its average volume of 251,634. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 3.06 and a beta of 1.15. Curtiss-Wright Corporation has a fifty-two week low of $258.85 and a fifty-two week high of $493.95. The business has a 50 day moving average of $465.62 and a two-hundred day moving average of $382.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. The business 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 18.02% and a net margin of 13.38%. Curtiss-Wright's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.99 earnings per share. Analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were given a $0.24 dividend. The ex-dividend date was 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 dividend yield of 0.20%. Curtiss-Wright's dividend payout ratio (DPR) 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.