Oppenheimer Asset Management Inc. Sells 660 Shares of Curtiss-Wright Corporation (NYSE:CW)

Oppenheimer Asset Management Inc. reduced its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,276 shares of the aerospace company's stock after selling 660 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Curtiss-Wright were worth $2,626,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CW. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Curtiss-Wright by 98.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock valued at $1,163,000 after purchasing an additional 1,817 shares during the period. Running Oak Capital LLC increased its holdings in Curtiss-Wright by 14.7% in the first quarter. Running Oak Capital LLC now owns 48,622 shares of the aerospace company's stock worth $15,433,000 after purchasing an additional 6,221 shares in the last quarter. Appleton Partners Inc. MA lifted its stake in Curtiss-Wright by 72.1% in the first quarter. Appleton Partners Inc. MA now owns 24,109 shares of the aerospace company's stock valued at $7,649,000 after buying an additional 10,099 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Curtiss-Wright by 3.6% during the 1st quarter. State of Alaska Department of Revenue now owns 31,482 shares of the aerospace company's stock worth $9,988,000 after buying an additional 1,080 shares in the last quarter. Finally, Cardinal Capital Management grew its position in shares of Curtiss-Wright by 1.4% during the 1st quarter. Cardinal Capital Management now owns 11,975 shares of the aerospace company's stock worth $3,802,000 after buying an additional 161 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the sale, the vice president directly owned 4,959 shares in the company, valued at $2,228,376.24. The trade was a 8.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was 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 in the company, valued at $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,130 shares of company stock valued at $2,726,412 over the last three months. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Up 0.3%

NYSE CW traded up $1.26 on Monday, reaching $488.96. The company had a trading volume of 216,739 shares, compared to its average volume of 286,996. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37. The company's fifty day moving average is $420.13 and its 200 day moving average is $365.42. Curtiss-Wright Corporation has a 52-week low of $258.85 and a 52-week high of $490.71. The stock has a market capitalization of $18.41 billion, a P/E ratio of 43.50, a P/E/G ratio of 3.20 and a beta of 1.13.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted 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. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the prior year, the business posted $1.99 EPS. The business's revenue was up 13.0% compared to the same quarter last year. Sell-side analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CW shares. Stifel Nicolaus cut their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Robert W. Baird upped their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Citigroup lifted their price target on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Truist Financial decreased their price target on shares of 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 lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Curtiss-Wright has a consensus rating of "Moderate Buy" and a consensus target price of $418.00.

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.