Curtiss-Wright Co. (NYSE:CW) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA decreased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,010,630 shares of the aerospace company’s stock after selling 28,470 shares during the quarter. Primecap Management Co. CA owned about 2.64% of Curtiss-Wright worth $225,158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Contravisory Investment Management Inc. acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $25,000. Montag A & Associates Inc. boosted its holdings in Curtiss-Wright by 67.0% in 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. Venturi Wealth Management LLC grew its position in Curtiss-Wright by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 52 shares during the period. Sachetta LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth about $45,000. Finally, Orion Capital Management LLC purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth about $49,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity

In related news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total transaction of $657,077.76. Following the completion of the sale, the chief financial officer now owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the sale, the vice president now directly owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,451 shares of company stock worth $3,030,512. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CW has been the topic of several recent research reports. Truist Financial lifted their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday. Morgan Stanley increased their target price on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday. Stifel Nicolaus increased their target price on Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird increased their target price on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 5th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $302.50.

Curtiss-Wright Stock Performance

Shares of NYSE CW traded down $0.90 during mid-day trading on Friday, hitting $280.71. The company had a trading volume of 170,550 shares, compared to its average volume of 207,366. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 28.91 and a beta of 1.18. Curtiss-Wright Co. has a 12 month low of $157.85 and a 12 month high of $286.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The firm’s 50 day simple moving average is $260.47 and its two-hundred day simple moving average is $236.65.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $664.01 million. During the same quarter in the previous year, the business earned $1.53 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 10.27 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 17th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.30%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.24%.

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.