Lisanti Capital Growth LLC Trims Stake in Curtiss-Wright Corporation (NYSE:CW)

Lisanti Capital Growth LLC trimmed its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 49.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,925 shares of the aerospace company's stock after selling 2,810 shares during the period. Lisanti Capital Growth LLC's holdings in Curtiss-Wright were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Curtiss-Wright by 0.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 183,623 shares of the aerospace company's stock worth $58,258,000 after purchasing an additional 1,371 shares in the last quarter. Tsfg LLC increased its position in shares of Curtiss-Wright by 112.7% during the first quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock worth $69,000 after purchasing an additional 115 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Curtiss-Wright by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock worth $110,769,000 after purchasing an additional 5,007 shares in the last quarter. Transcend Capital Advisors LLC increased its position in shares of Curtiss-Wright by 25.5% during the first quarter. Transcend Capital Advisors LLC now owns 1,369 shares of the aerospace company's stock worth $434,000 after purchasing an additional 278 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Curtiss-Wright during the first quarter worth about $525,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Curtiss-Wright

In other news, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director now owns 4,523 shares of the company's stock, valued at $2,026,304. The trade was a 29.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction that occurred 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. The trade was a 34.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,130 shares of company stock valued at $2,726,412 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Performance

NYSE CW traded up $4.95 on Friday, hitting $487.73. 399,308 shares of the company's stock were exchanged, compared to its average volume of 287,278. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. The firm's 50-day moving average price is $416.70 and its two-hundred day moving average price is $364.57. Curtiss-Wright Corporation has a fifty-two week low of $258.85 and a fifty-two week high of $487.70. The firm has a market cap of $18.37 billion, a price-to-earnings ratio of 43.39, a P/E/G ratio of 3.20 and a beta of 1.14.

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

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.24 per share. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. Curtiss-Wright's payout ratio is 8.54%.

Analyst Ratings Changes

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

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.