Curtiss-Wright Corporation (NYSE:CW) Holdings Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Curtiss-Wright Corporation (NYSE:CW) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,881 shares of the aerospace company’s stock after selling 6,360 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of Curtiss-Wright worth $13,922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Curtiss-Wright by 98.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company’s stock valued at $1,163,000 after acquiring an additional 1,817 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Curtiss-Wright by 100.4% in the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company’s stock valued at $362,000 after acquiring an additional 571 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Curtiss-Wright in the first quarter valued at approximately $240,000. Janney Montgomery Scott LLC boosted its holdings in shares of Curtiss-Wright by 37.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company’s stock valued at $1,159,000 after acquiring an additional 999 shares in the last quarter. Finally, Mission Wealth Management LP bought a new position in shares of Curtiss-Wright in the first quarter valued at approximately $206,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $478.66 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 42.59, a P/E/G ratio of 2.99 and a beta of 1.15. The company’s fifty day moving average is $461.14 and its two-hundred day moving average is $379.34. Curtiss-Wright Corporation has a 52-week low of $258.85 and a 52-week high of $493.95.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.43. The company had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $1.99 EPS. Equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 16th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.20%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright’s payout ratio is 8.54%.

Insider Buying and Selling

In other news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the completion of the sale, the chief financial officer owned 9,253 shares of the company’s stock, valued at $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John C. Watts sold 450 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the sale, the vice president directly owned 4,959 shares of the company’s stock, valued at $2,228,376.24. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,130 shares of company stock valued at $2,726,412 over the last ninety days. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CW. Wall Street Zen raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $365.00 to $450.00 and gave the company a “hold” rating in a research note on Monday. Morgan Stanley increased their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Truist Financial reduced their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research report on Friday, July 11th. Finally, Robert W. Baird upped their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $467.14.

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.