Two Sigma Advisers LP Sells 29,100 Shares of Curtiss-Wright Co. (NYSE:CW)

Two Sigma Advisers LP reduced its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 29.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,100 shares of the aerospace company's stock after selling 29,100 shares during the period. Two Sigma Advisers LP owned about 0.18% of Curtiss-Wright worth $24,167,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. increased its stake in shares of Curtiss-Wright by 0.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock valued at $1,178,000 after buying an additional 29 shares during the period. Harbour Investments Inc. increased its stake in shares of Curtiss-Wright by 10.6% during the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock valued at $111,000 after buying an additional 30 shares during the period. Cornerstone Investment Partners LLC increased its stake in shares of Curtiss-Wright by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock valued at $326,000 after buying an additional 32 shares during the period. Baird Financial Group Inc. increased its stake 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 valued at $753,000 after buying an additional 34 shares during the period. Finally, Aaron Wealth Advisors LLC increased its stake 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 buying an additional 37 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CW has been the topic of several research analyst reports. Robert W. Baird boosted their target price on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday. Citigroup reduced their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus reduced their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial reduced their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $404.29.

Curtiss-Wright Stock Up 3.0%

CW stock traded up $12.59 during midday trading on Friday, hitting $428.52. The stock had a trading volume of 379,845 shares, compared to its average volume of 272,449. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 40.62, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. The business has a 50-day moving average of $345.02 and a two-hundred day moving average of $349.39. Curtiss-Wright Co. has a 52-week low of $258.85 and a 52-week high of $430.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share 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 17.11% and a net margin of 12.98%. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.99 earnings per share. As a group, equities research analysts forecast 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. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Monday, June 16th. Curtiss-Wright's dividend payout ratio is currently 8.54%.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 3,131 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was 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 directly owns 42,887 shares of the company's stock, valued at $13,955,858.67. This represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,642 shares of company stock valued at $3,581,107. Insiders own 0.55% of the company's stock.

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.