HWG Holdings LP Has $12.68 Million Position in Curtiss-Wright Co. (NYSE:CW)

HWG Holdings LP cut its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,731 shares of the aerospace company's stock after selling 7,472 shares during the quarter. Curtiss-Wright accounts for about 4.2% of HWG Holdings LP's holdings, making the stock its 6th biggest holding. HWG Holdings LP owned about 0.09% of Curtiss-Wright worth $12,680,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CW. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $31,000. Minot DeBlois Advisors LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $35,000. Ancora Advisors LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $49,000. Altshuler Shaham Ltd purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $70,000. Finally, Smartleaf Asset Management LLC boosted its position 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 buying an additional 105 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP George P. Mcdonald sold 148 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 $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John C. Watts sold 450 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the transaction, the vice president now directly owns 4,959 shares of the company's stock, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,092 shares of company stock worth $3,783,319. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial cut 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. Stifel Nicolaus cut their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Citigroup cut their price target on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Robert W. Baird increased their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $404.29.

Curtiss-Wright Stock Performance

CW traded down $1.17 during midday trading on Friday, reaching $439.79. The company had a trading volume of 440,285 shares, compared to its average volume of 276,645. 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 has a 50-day moving average of $355.93 and a two-hundred day moving average of $351.39. The company has a market cap of $16.56 billion, a P/E ratio of 41.69, a P/E/G ratio of 2.48 and a beta of 1.04. Curtiss-Wright Co. has a 1 year low of $258.85 and a 1 year high of $453.02.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The business's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.99 earnings per share. As a group, equities research analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal 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 given a dividend of $0.24 per share. The ex-dividend date is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.22%. 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%.

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.