Curtiss-Wright Co. (NYSE:CW) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC decreased its holdings in Curtiss-Wright Co. (NYSE:CW) by 1.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,245 shares of the aerospace company’s stock after selling 95 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Curtiss-Wright were worth $1,598,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its stake in Curtiss-Wright by 1.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after buying an additional 45 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Curtiss-Wright by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 52 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Curtiss-Wright by 2.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock worth $557,000 after acquiring an additional 53 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of Curtiss-Wright by 2.5% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 2,495 shares of the aerospace company’s stock worth $556,000 after purchasing an additional 61 shares in the last quarter. Finally, Tectonic Advisors LLC raised its stake in Curtiss-Wright by 5.0% in the 4th quarter. Tectonic Advisors LLC now owns 1,477 shares of the aerospace company’s stock valued at $329,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.8 %

Curtiss-Wright stock traded down $2.24 during mid-day trading on Friday, hitting $279.52. The company’s stock had a trading volume of 232,338 shares, compared to its average volume of 233,713. Curtiss-Wright Co. has a 1 year low of $185.52 and a 1 year high of $286.65. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $10.71 billion, a PE ratio of 28.79 and a beta of 1.18. The stock’s fifty day moving average is $275.77 and its two-hundred day moving average is $251.07.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $664.01 million. During the same period last year, the company earned $1.53 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts anticipate that Curtiss-Wright Co. will post 10.27 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Monday, June 17th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Monday, June 17th. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.20. Curtiss-Wright’s payout ratio is currently 8.65%.

Insider Buying and Selling

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 sale, the chief operating officer now directly owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Kevin Rayment sold 8,415 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Marce Fuller sold 5,300 shares of the company’s stock in a transaction dated 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 sale, the director now owns 25,770 shares in the company, valued at approximately $7,242,400.80. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 120 shares of company stock valued at $27,914. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the subject of a number of research reports. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 5th. Morgan Stanley raised their target price on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Truist Financial upped their price target on Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Robert W. Baird lifted 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. Finally, Stifel Nicolaus upped their target price on Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $302.50.

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.