Curtiss-Wright Co. (NYSE:CW) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 25.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,681 shares of the aerospace company's stock after selling 62,568 shares during the quarter. Wellington Management Group LLP owned about 0.48% of Curtiss-Wright worth $63,763,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. YANKCOM Partnership bought a new stake in Curtiss-Wright during the 4th quarter worth approximately $31,000. Minot DeBlois Advisors LLC bought a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $35,000. Ancora Advisors LLC bought a new stake in Curtiss-Wright during the 4th quarter worth about $49,000. Altshuler Shaham Ltd bought a new stake in Curtiss-Wright during the fourth quarter worth about $70,000. Finally, Smartleaf Asset Management LLC raised its position in Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock worth $82,000 after acquiring an additional 105 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Trading Down 0.3%

Curtiss-Wright stock traded down $1.17 during trading hours on Friday, reaching $439.79. The stock had a trading volume of 440,285 shares, compared to its average volume of 276,645. The stock has a market cap of $16.56 billion, a PE ratio of 41.69, a PEG ratio of 2.48 and a beta of 1.04. The company has a fifty day simple moving average of $355.93 and a 200-day simple moving average of $351.39. Curtiss-Wright Co. has a 52 week low of $258.85 and a 52 week high of $453.02. 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 announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business had revenue of $805.65 million for the quarter, compared to analysts' expectations of $767.32 million. During the same quarter in the prior year, the company earned $1.99 earnings per share. The business's revenue was up 13.0% compared to the same quarter last year. Analysts forecast that Curtiss-Wright Co. will post 12.32 EPS 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 of this dividend is Monday, June 16th. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.22%. Curtiss-Wright's payout ratio is 8.54%.

Insider Activity

In other news, VP George P. Mcdonald sold 148 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of the 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 sale, the chief financial officer now directly owns 9,253 shares in the company, valued at $3,238,550. This trade represents a 34.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,092 shares of company stock valued at $3,783,319 in the last ninety days. Corporate insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

CW has been the topic of a number of recent research reports. Citigroup lowered 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. Truist Financial decreased their price target 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. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus reduced their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average target price of $404.29.

About Curtiss-Wright

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.