US Bancorp DE Sells 836 Shares of Curtiss-Wright Corporation (NYSE:CW)

US Bancorp DE cut its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,786 shares of the aerospace company's stock after selling 836 shares during the quarter. US Bancorp DE's holdings in Curtiss-Wright were worth $2,470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in Curtiss-Wright by 1.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 159,612 shares of the aerospace company's stock worth $56,641,000 after purchasing an additional 1,624 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Curtiss-Wright by 93.9% during the 4th quarter. Russell Investments Group Ltd. now owns 18,515 shares of the aerospace company's stock worth $6,571,000 after acquiring an additional 8,967 shares during the last quarter. Cerity Partners LLC boosted its position in Curtiss-Wright by 6.5% during the 4th quarter. Cerity Partners LLC now owns 7,096 shares of the aerospace company's stock worth $2,444,000 after acquiring an additional 435 shares during the last quarter. Bank of Montreal Can boosted its position in Curtiss-Wright by 10.7% during the 4th quarter. Bank of Montreal Can now owns 5,388 shares of the aerospace company's stock worth $1,912,000 after acquiring an additional 519 shares during the last quarter. Finally, Invesco Ltd. boosted its position 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 during the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Performance

CW stock traded down $0.76 during midday trading on Friday, reaching $472.68. 473,213 shares of the company were exchanged, compared to its average volume of 332,515. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.28. The business has a 50-day moving average price of $478.09 and a two-hundred day moving average price of $390.95. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $517.09. The firm has a market capitalization of $17.80 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 2.97 and a beta of 1.18.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $876.58 million during the quarter, compared to analysts' expectations of $855.10 million. During the same period in the previous year, the business posted $2.67 earnings per share. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is 8.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their price target on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research report on Friday. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Robert W. Baird increased their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Citigroup increased their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Morgan Stanley increased their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the transaction, the vice president owned 4,959 shares in the company, valued at $2,228,376.24. This trade represents a 8.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction 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 transaction, the director owned 4,523 shares in the company, valued at $2,026,304. The trade was a 29.58% decrease in their position. The disclosure for this sale can be found here. 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.