Brown Advisory Inc. Cuts Stock Position in Curtiss-Wright Co. (NYSE:CW)

Brown Advisory Inc. trimmed its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 521,186 shares of the aerospace company's stock after selling 4,747 shares during the quarter. Brown Advisory Inc. owned about 1.36% of Curtiss-Wright worth $116,115,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in shares of Curtiss-Wright during the fourth quarter valued at about $25,000. Montag A & Associates Inc. raised its holdings in shares of Curtiss-Wright by 67.0% in the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company's stock worth $30,000 after buying an additional 61 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Curtiss-Wright by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company's stock worth $33,000 after buying an additional 52 shares during the period. Orion Capital Management LLC purchased a new stake in shares of Curtiss-Wright during the third quarter valued at $49,000. Finally, GAMMA Investing LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $57,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Price Performance

Shares of CW stock traded up $1.64 during mid-day trading on Friday, hitting $278.21. 129,667 shares of the stock were exchanged, compared to its average volume of 190,334. The company has a market cap of $10.66 billion, a PE ratio of 28.65 and a beta of 1.18. The firm has a fifty day moving average of $256.36 and a 200 day moving average of $233.97. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. Curtiss-Wright Co. has a 52-week low of $157.85 and a 52-week high of $279.90.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The firm had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same quarter last year, the firm posted $1.53 EPS. The business's revenue was up 13.0% on a year-over-year basis. Research analysts anticipate that Curtiss-Wright Co. will post 10.31 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Monday, June 17th. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.20. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.65%.

Analysts Set New Price Targets

A number of brokerages have commented on CW. Morgan Stanley lifted their price target on Curtiss-Wright from $260.00 to $284.00 and gave the stock an "overweight" rating in a research report on Friday, May 3rd. Robert W. Baird raised their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an "outperform" rating in a research report on Monday, April 8th. StockNews.com raised shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 5th. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. Finally, Truist Financial upped their price target on shares of Curtiss-Wright from $240.00 to $252.00 and gave the company a "hold" rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $277.00.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,620 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total value of $638,232.00. Following the transaction, the chief executive officer now directly owns 35,773 shares in the company, valued at approximately $8,714,302.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,620 shares of the company's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total value of $638,232.00. Following the transaction, the chief executive officer now owns 35,773 shares of the company's stock, valued at $8,714,302.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the company's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now owns 15,942 shares in the company, valued at $3,985,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,451 shares of company stock worth $3,030,512. 0.67% of the stock is owned by corporate insiders.

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.

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