Curtiss-Wright Co. (NYSE:CW) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,464 shares of the aerospace company's stock after selling 59,069 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.55% of Curtiss-Wright worth $73,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after purchasing an additional 29 shares during the period. Harbour Investments Inc. raised its stake in shares of Curtiss-Wright by 10.6% during the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock worth $111,000 after purchasing an additional 30 shares in the last quarter. Cornerstone Investment Partners LLC raised its stake in Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock valued at $326,000 after acquiring an additional 32 shares during the period. Baird Financial Group Inc. raised its position in shares of Curtiss-Wright by 1.6% during the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after acquiring an additional 34 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in shares of Curtiss-Wright by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company's stock valued at $275,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insiders Place Their Bets

In other news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the completion of the sale, the chief financial officer now owns 9,253 shares of the company's stock, valued at approximately $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock valued at $3,581,107 in the last 90 days. 0.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CW. StockNews.com upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Stifel Nicolaus reduced their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Truist Financial reduced their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, Citigroup lowered their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $377.43.

Curtiss-Wright Stock Down 0.8%

Shares of CW stock traded down $3.50 during trading hours on Wednesday, reaching $415.54. 431,528 shares of the company's stock were exchanged, compared to its average volume of 271,718. The stock's 50 day moving average is $339.34 and its 200-day moving average is $348.01. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 39.39, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $423.20.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating 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 net margin of 12.98% and a return on equity of 17.11%. The business's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.99 earnings per share. Analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business 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 dividend on an annualized basis and a yield of 0.23%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's payout ratio is 8.54%.

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.