Two Sigma Investments LP Trims Stake in Curtiss-Wright Co. (NYSE:CW)

Two Sigma Investments LP lowered its position in Curtiss-Wright Co. (NYSE:CW - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,689 shares of the aerospace company's stock after selling 13,103 shares during the quarter. Two Sigma Investments LP owned about 0.37% of Curtiss-Wright worth $49,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CW. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Curtiss-Wright by 0.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after buying an additional 29 shares during the last quarter. Harbour Investments Inc. lifted its holdings 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 acquiring an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC grew its position in Curtiss-Wright by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock worth $326,000 after acquiring an additional 32 shares in the last quarter. Baird Financial Group Inc. increased its stake in Curtiss-Wright by 1.6% in the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock valued at $753,000 after acquiring an additional 34 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in 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 purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Insider Buying and Selling

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at approximately $3,238,550. The trade was a 34.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,642 shares of company stock valued at $3,581,107 over the last ninety days. 0.55% of the stock is owned by insiders.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $418.01 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $422.64. The company has a market capitalization of $15.74 billion, a P/E ratio of 39.62, a PEG ratio of 2.48 and a beta of 1.04. The stock has a 50 day moving average price of $337.22 and a two-hundred day moving average price of $347.50.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.99 EPS. Analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The company 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 dividend of $0.24 per share. This is a positive change 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 0.23%. The ex-dividend date is Monday, June 16th. Curtiss-Wright's dividend payout ratio is currently 8.54%.

Analysts Set New Price Targets

CW has been the subject of a number of research reports. Stifel Nicolaus cut their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Citigroup cut their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Truist Financial lowered their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, StockNews.com raised shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $377.43.

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.

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