Rhumbline Advisers Sells 1,608 Shares of Curtiss-Wright Co. (NYSE:CW)

Rhumbline Advisers decreased its stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,793 shares of the aerospace company's stock after selling 1,608 shares during the period. Rhumbline Advisers owned approximately 0.29% of Curtiss-Wright worth $34,199,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in Curtiss-Wright during the 4th quarter valued at about $31,000. Minot DeBlois Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter valued at about $35,000. Ancora Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter valued at about $49,000. Altshuler Shaham Ltd acquired a new position in Curtiss-Wright during the 4th quarter valued at about $70,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Curtiss-Wright by 165.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 3,131 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the transaction, the chief executive officer now owns 42,887 shares of the company's stock, valued at approximately $13,955,858.67. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul J. Ferdenzi sold 658 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total transaction of $214,297.44. Following the transaction, the insider now directly owns 19,239 shares in the company, valued at approximately $6,265,757.52. The trade was a 3.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,992 shares of company stock valued at $4,634,519 over the last three months. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Robert W. Baird raised their price objective 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. 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 price objective on shares of 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 reduced their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $404.29.

Curtiss-Wright Trading Up 1.0%

Shares of CW traded up $4.40 during midday trading on Friday, hitting $453.36. The stock had a trading volume of 275,290 shares, compared to its average volume of 277,552. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $455.22. The business has a 50-day simple moving average of $368.49 and a two-hundred day simple moving average of $354.29. The firm has a market cap of $17.07 billion, a P/E ratio of 42.97, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. 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 (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.99 earnings per share. As a group, equities analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

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