Victory Capital Management Inc. Sells 97,665 Shares of Curtiss-Wright Co. (NYSE:CW)

Victory Capital Management Inc. lessened its stake in Curtiss-Wright Co. (NYSE:CW) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,243 shares of the aerospace company’s stock after selling 97,665 shares during the period. Victory Capital Management Inc. owned approximately 0.64% of Curtiss-Wright worth $54,638,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CW. Commonwealth Equity Services LLC grew its stake in shares of Curtiss-Wright by 13.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,716 shares of the aerospace company’s stock valued at $3,075,000 after purchasing an additional 1,836 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Curtiss-Wright by 10.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,158 shares of the aerospace company’s stock valued at $1,205,000 after buying an additional 566 shares during the period. Dakota Wealth Management purchased a new stake in Curtiss-Wright during the third quarter valued at approximately $243,000. Raymond James & Associates raised its position in Curtiss-Wright by 14.6% in the third quarter. Raymond James & Associates now owns 44,434 shares of the aerospace company’s stock worth $8,693,000 after acquiring an additional 5,669 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Curtiss-Wright by 0.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after acquiring an additional 59 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CW has been the subject of several analyst reports. Truist Financial upped their price objective on Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Friday. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Morgan Stanley increased their target price on shares of Curtiss-Wright from $260.00 to $284.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Robert W. Baird upped their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Curtiss-Wright currently has a consensus rating of “Buy” and a consensus price target of $277.00.

Insider Buying and Selling

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares in the company, valued at approximately $3,985,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO K Christopher Farkas sold 925 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the sale, the chief financial officer now directly owns 10,052 shares in the company, valued at approximately $2,448,164.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,451 shares of company stock worth $3,030,512. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Up 2.0 %

NYSE CW opened at $268.17 on Friday. Curtiss-Wright Co. has a 12 month low of $157.72 and a 12 month high of $269.00. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.40. The stock has a market cap of $10.27 billion, a PE ratio of 27.62 and a beta of 1.18. The stock’s 50 day moving average is $248.98 and its 200 day moving average is $228.49.

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

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.30%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.24%.

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.