Curtiss-Wright Co. (NYSE:CW) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 28.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 245,243 shares of the aerospace company’s stock after selling 97,665 shares during the period. Victory Capital Management Inc.’s holdings in Curtiss-Wright were worth $54,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $25,000. First Horizon Advisors Inc. boosted its holdings in Curtiss-Wright by 1,100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after buying an additional 132 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Montag A & Associates Inc. raised its holdings in shares of Curtiss-Wright by 67.0% during the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 61 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new position in shares of Curtiss-Wright in the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity

In other Curtiss-Wright news, CFO K Christopher Farkas sold 925 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the sale, the chief financial officer now directly owns 10,052 shares in the company, valued at $2,448,164.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Lynn M. Bamford sold 2,620 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total transaction of $638,232.00. Following the completion of the transaction, the chief executive officer now directly owns 35,773 shares of the company’s stock, valued at approximately $8,714,302.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO K Christopher Farkas sold 925 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total value of $225,283.75. Following the sale, the chief financial officer now owns 10,052 shares in the company, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,451 shares of company stock valued at $3,030,512. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Curtiss-Wright Stock Up 2.0 %

Shares of CW opened at $268.17 on Friday. The company’s 50-day moving average price is $248.98 and its 200 day moving average price is $228.49. Curtiss-Wright Co. has a 12-month low of $157.72 and a 12-month high of $269.00. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.40. The firm has a market cap of $10.27 billion, a P/E ratio of 27.62 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last released its quarterly 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. The business had revenue of $713.17 million for the quarter, compared to the consensus estimate of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 EPS. On average, sell-side analysts forecast that Curtiss-Wright Co. will post 10.27 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.30%. Curtiss-Wright’s dividend payout ratio is currently 8.24%.

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.