Greenwood Capital Associates LLC Has $942,000 Position in Curtiss-Wright Co. (NYSE:CW)

Greenwood Capital Associates LLC cut its position in shares of Curtiss-Wright Co. (NYSE:CWFree Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,230 shares of the aerospace company’s stock after selling 114 shares during the period. Greenwood Capital Associates LLC’s holdings in Curtiss-Wright were worth $942,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Curtiss-Wright in the 4th quarter valued at $113,885,000. Public Employees Retirement Association of Colorado lifted its stake in shares of Curtiss-Wright by 1,901.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock worth $33,502,000 after buying an additional 142,863 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Curtiss-Wright during the 4th quarter worth about $31,816,000. Assenagon Asset Management S.A. acquired a new position in Curtiss-Wright in the 4th quarter valued at about $18,462,000. Finally, Cadinha & Co. LLC grew its stake in Curtiss-Wright by 1,101.1% in the 4th quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock valued at $15,507,000 after buying an additional 63,810 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on CW. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 5th. Robert W. Baird increased their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Morgan Stanley boosted their target price on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Truist Financial raised their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright has a consensus rating of “Buy” and a consensus price target of $302.50.

Get Our Latest Stock Analysis on CW

Insider Buying and Selling at Curtiss-Wright

In related news, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the completion of the transaction, the chief operating officer now directly owns 19,914 shares in the company, valued at approximately $5,609,176.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director S Marce Fuller sold 5,300 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the completion of the transaction, the director now owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kevin Rayment sold 8,415 shares of Curtiss-Wright stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the sale, the chief operating officer now owns 19,914 shares in the company, valued at $5,609,176.38. The disclosure for this sale can be found here. Insiders have sold a total of 20,930 shares of company stock worth $5,633,199 over the last 90 days. Insiders own 0.67% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW traded down $2.76 during mid-day trading on Friday, reaching $266.22. The company had a trading volume of 180,777 shares, compared to its average volume of 203,467. Curtiss-Wright Co. has a one year low of $171.30 and a one year high of $286.65. The business’s 50-day simple moving average is $267.41 and its 200 day simple moving average is $243.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 2.02. The firm has a market cap of $10.20 billion, a price-to-earnings ratio of 27.42 and a beta of 1.22.

Curtiss-Wright (NYSE:CWGet Free Report) last released its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.75 by $0.24. The firm had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $1.53 EPS. On average, research analysts predict that Curtiss-Wright Co. will post 10.27 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be paid a $0.21 dividend. The ex-dividend date is Monday, June 17th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.32%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.24%.

Curtiss-Wright Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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