Jefferies Financial Group Inc. Trims Stake in Curtiss-Wright Co. (NYSE:CW)

Jefferies Financial Group Inc. trimmed its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 87.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 918 shares of the aerospace company's stock after selling 6,525 shares during the period. Jefferies Financial Group Inc.'s holdings in Curtiss-Wright were worth $326,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CW. Vanguard Group Inc. raised its holdings in Curtiss-Wright by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock worth $1,289,608,000 after purchasing an additional 15,890 shares during the period. Invesco Ltd. increased its position in Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after buying an additional 84,635 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Curtiss-Wright by 16.2% in the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock worth $271,977,000 after buying an additional 107,115 shares during the period. Geode Capital Management LLC lifted its position in shares of Curtiss-Wright by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock valued at $264,071,000 after buying an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Curtiss-Wright by 1.2% during the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock valued at $210,199,000 after buying an additional 6,971 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Price Performance

CW traded up $3.47 during trading on Monday, hitting $443.58. 264,901 shares of the company traded hands, compared to its average volume of 276,699. The company has a market cap of $16.70 billion, a PE ratio of 42.05, 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. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock's 50-day simple moving average is $355.93 and its two-hundred day simple moving average is $351.08.

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 for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. The firm had revenue of $805.65 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 earnings per share. As a group, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.24 per share. 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. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's dividend payout ratio is 8.54%.

Analyst Ratings Changes

CW has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup reduced their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Truist Financial cut their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $404.29.

Insider Activity

In other news, CFO K Christopher Farkas sold 4,780 shares of the firm's stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at $3,238,550. This trade represents a 34.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John C. Watts sold 450 shares of the business's 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 in the company, valued at approximately $2,228,376.24. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,092 shares of company stock worth $3,783,319. 0.55% of the stock is currently owned by insiders.

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.