Congress Asset Management Co. Trims Stock Position in Curtiss-Wright Co. (NYSE:CW)

Congress Asset Management Co. decreased its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 441,798 shares of the aerospace company's stock after selling 17,276 shares during the period. Curtiss-Wright comprises approximately 1.1% of Congress Asset Management Co.'s portfolio, making the stock its 15th largest position. Congress Asset Management Co. owned 1.16% of Curtiss-Wright worth $156,781,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CW. International Assets Investment Management LLC lifted its position in shares of Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock worth $133,102,000 after purchasing an additional 403,701 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock valued at $118,961,000 after acquiring an additional 160,395 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Curtiss-Wright in the third quarter valued at $47,220,000. Van ECK Associates Corp lifted its position in Curtiss-Wright by 31.3% in the fourth quarter. Van ECK Associates Corp now owns 333,088 shares of the aerospace company's stock valued at $118,203,000 after acquiring an additional 79,362 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Curtiss-Wright in the fourth quarter valued at $13,395,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Price Performance

CW traded up $10.21 on Wednesday, hitting $335.77. 467,045 shares of the company were exchanged, compared to its average volume of 310,967. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The business's fifty day moving average is $354.83 and its 200 day moving average is $342.60. Curtiss-Wright Co. has a fifty-two week low of $232.82 and a fifty-two week high of $393.40. The firm has a market capitalization of $12.64 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. As a group, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.33 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the sale, the chief executive officer now directly owns 28,688 shares in the company, valued at $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John C. Watts sold 622 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the sale, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on CW. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective on the stock. Citigroup initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a "buy" rating and a $410.00 price target on the stock. Stifel Nicolaus lowered shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target on the stock. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a "buy" rating and a $452.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $386.86.

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.