Curtiss-Wright Co. (NYSE:CW) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lessened its position in Curtiss-Wright Co. (NYSE:CW) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 289,867 shares of the aerospace company’s stock after selling 4,981 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.76% of Curtiss-Wright worth $102,865,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CW. YANKCOM Partnership acquired a new stake in Curtiss-Wright in the 4th quarter valued at about $31,000. Minot DeBlois Advisors LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $35,000. Ancora Advisors LLC acquired a new position in Curtiss-Wright in the fourth quarter worth approximately $49,000. UMB Bank n.a. lifted 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 valued at $60,000 after acquiring an additional 64 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Curtiss-Wright during the 4th quarter valued at $70,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 1.1%

Shares of NYSE:CW opened at $406.40 on Friday. The firm has a fifty day moving average of $333.16 and a two-hundred day moving average of $346.67. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $407.92. The firm has a market capitalization of $15.30 billion, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm had revenue of $805.65 million during the quarter, compared to analysts’ expectations of $767.32 million. During the same quarter last year, the firm earned $1.99 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.24%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright’s payout ratio is currently 7.47%.

Insider Transactions at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 658 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the sale, the insider now directly owns 19,239 shares of the company’s stock, valued at approximately $6,265,757.52. This trade represents a 3.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the business’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 $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock worth $3,581,107 in the last 90 days. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CW shares. Citigroup decreased their price target on 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 upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Truist Financial lowered their price target on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.