Jefferies Financial Group Inc. Has $326,000 Holdings in Curtiss-Wright Co. (NYSE:CW)

Jefferies Financial Group Inc. trimmed its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 87.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

Several other large investors also recently added to or reduced their stakes in CW. Atomi Financial Group Inc. bought a new position in shares of Curtiss-Wright in the 4th quarter valued at approximately $239,000. Truist Financial Corp boosted its holdings in shares of Curtiss-Wright by 6.2% during the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after buying an additional 825 shares during the period. Athena Investment Management bought a new stake in shares of Curtiss-Wright during the 4th quarter worth $302,000. Daiwa Securities Group Inc. boosted 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 during the period. Finally, JPMorgan Chase & Co. boosted its holdings 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 period. 82.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Truist Financial decreased their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. StockNews.com raised shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Citigroup cut their target price 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. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $377.43.

Curtiss-Wright Stock Performance

Shares of NYSE CW traded down $3.50 during mid-day trading on Wednesday, hitting $415.54. The company had a trading volume of 431,528 shares, compared to its average volume of 271,718. Curtiss-Wright Co. has a 12 month low of $258.85 and a 12 month high of $423.20. The firm has a market cap of $15.65 billion, a P/E ratio of 39.39, a PEG ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The business's 50-day simple moving average is $339.34 and its 200-day simple moving average is $348.01.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The company had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. During the same quarter in the prior year, the company posted $1.99 EPS. The business's revenue was up 13.0% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.23%. Curtiss-Wright's dividend payout ratio is currently 8.54%.

Insider Activity

In related news, insider Paul J. Ferdenzi sold 658 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total transaction of $214,297.44. Following the completion of the sale, the insider now owns 19,239 shares in the company, valued at $6,265,757.52. This trade represents a 3.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the sale, the chief executive officer now owns 42,887 shares of the company's stock, valued at $13,955,858.67. This trade represents a 6.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,642 shares of company stock worth $3,581,107. 0.55% of the stock is currently owned by corporate 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.