Lisanti Capital Growth LLC Reduces Holdings in Curtiss-Wright Corporation (NYSE:CW)

Lisanti Capital Growth LLC lessened its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 49.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,925 shares of the aerospace company's stock after selling 2,810 shares during the quarter. 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).

Several other large investors have also recently made changes to their positions in CW. Norges Bank bought a new position in shares of Curtiss-Wright during the 4th quarter worth $201,856,000. William Blair Investment Management LLC bought a new position in Curtiss-Wright in the 4th quarter worth approximately $132,626,000. GAMMA Investing LLC grew its stake in Curtiss-Wright by 44,878.7% in the 1st quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock valued at $82,340,000 after buying an additional 258,950 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in Curtiss-Wright in the 1st quarter valued at approximately $55,639,000. Finally, TD Asset Management Inc. raised its holdings in Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after acquiring an additional 107,115 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director directly owned 4,523 shares of the company's stock, valued at approximately $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John C. Watts sold 450 shares of the business's stock in a transaction dated 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 owned 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. Insiders have sold a total of 7,130 shares of company stock valued at $2,726,412 in the last quarter. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Citigroup raised their target price on Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus decreased their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $418.00.

Curtiss-Wright Price Performance

CW stock traded up $2.99 during midday trading on Wednesday, reaching $479.62. The company had a trading volume of 259,495 shares, compared to its average volume of 287,352. Curtiss-Wright Corporation has a 1 year low of $258.85 and a 1 year high of $490.71. 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 company has a market capitalization of $18.06 billion, a P/E ratio of 42.67, a P/E/G ratio of 3.20 and a beta of 1.15. The firm has a 50-day moving average price of $423.21 and a 200-day moving average price of $366.19.

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

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be given 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 is presently 8.54%.

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.