GHP Investment Advisors Inc. Has $16.63 Million Stock Holdings in Curtiss-Wright Corporation (NYSE:CW)

GHP Investment Advisors Inc. trimmed its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 3.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 52,401 shares of the aerospace company's stock after selling 2,066 shares during the quarter. Curtiss-Wright comprises about 0.8% of GHP Investment Advisors Inc.'s portfolio, making the stock its 29th biggest holding. GHP Investment Advisors Inc. owned approximately 0.14% of Curtiss-Wright worth $16,625,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Truist Financial Corp raised its position in Curtiss-Wright by 6.2% during the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock valued at $5,050,000 after purchasing an additional 825 shares in the last quarter. Athena Investment Management acquired a new position in shares of Curtiss-Wright during the 4th quarter worth $302,000. Daiwa Securities Group Inc. raised its holdings in shares of Curtiss-Wright by 1,694.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock worth $4,210,000 after buying an additional 11,202 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Curtiss-Wright by 28.9% during the 4th quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company's stock worth $54,519,000 after buying an additional 34,489 shares during the last quarter. Finally, Mission Wealth Management LP acquired a new stake in Curtiss-Wright in the first quarter valued at about $206,000. Institutional investors own 82.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Stifel Nicolaus cut their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Truist Financial reduced their price objective 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. Finally, Citigroup lifted their price target on Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $418.00.

Curtiss-Wright Stock Up 2.1%

Shares of CW opened at $476.64 on Tuesday. The stock's 50-day moving average price is $403.78 and its two-hundred day moving average price is $361.40. Curtiss-Wright Corporation has a 12 month low of $258.85 and a 12 month high of $479.91. The company has a market capitalization of $17.95 billion, a PE ratio of 42.41, a PEG ratio of 3.06 and a beta of 1.13. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The company had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. During the same period last year, the company earned $1.99 earnings per share. The firm's revenue was up 13.0% compared to the same quarter last year. On average, analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 annualized dividend and a yield of 0.20%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the firm's 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 completion of 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 can be accessed through this hyperlink. Also, VP John C. Watts sold 450 shares of the stock in a transaction dated 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 now directly owns 4,959 shares in the company, valued at $2,228,376.24. This trade represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,130 shares of company stock worth $2,726,412. 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.

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