Systematic Financial Management LP Sells 5,948 Shares of Curtiss-Wright Co. (NYSE:CW)

Systematic Financial Management LP lessened its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,399 shares of the aerospace company's stock after selling 5,948 shares during the quarter. Curtiss-Wright comprises 1.3% of Systematic Financial Management LP's portfolio, making the stock its 10th biggest holding. Systematic Financial Management LP owned approximately 0.37% of Curtiss-Wright worth $49,823,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. YANKCOM Partnership bought a new stake in Curtiss-Wright in the fourth quarter worth about $31,000. Minot DeBlois Advisors LLC purchased a new position in Curtiss-Wright in the 4th quarter worth about $35,000. Ancora Advisors LLC purchased a new stake in Curtiss-Wright in the 4th quarter valued at about $49,000. UMB Bank n.a. grew its position in shares of Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock worth $60,000 after buying an additional 64 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $70,000. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

CW stock traded up $1.78 during trading on Tuesday, hitting $419.81. The stock had a trading volume of 252,316 shares, compared to its average volume of 271,079. The company's 50-day moving average price is $337.22 and its two-hundred day moving average price is $347.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The stock has a market capitalization of $15.81 billion, a P/E ratio of 39.79, a PEG ratio of 2.48 and a beta of 1.04. Curtiss-Wright Co. has a twelve month low of $258.85 and a twelve month high of $422.64.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same period in the previous year, the firm earned $1.99 EPS. Curtiss-Wright's revenue was up 13.0% on a year-over-year basis. As a group, research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed 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 represents a $0.96 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Monday, June 16th. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

Analyst Ratings Changes

Several analysts have weighed in on CW shares. Stifel Nicolaus dropped their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Citigroup reduced their price target 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. StockNews.com raised shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Truist Financial decreased their target price 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. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $377.43.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the 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 sale, the vice president now owns 1,899 shares of the company's stock, valued at $617,953.59. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. In 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.

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.