Lisanti Capital Growth LLC Trims Position in Curtiss-Wright Co. (NYSE:CW)

Lisanti Capital Growth LLC lowered its holdings in Curtiss-Wright Co. (NYSE:CW) by 79.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,340 shares of the aerospace company’s stock after selling 24,010 shares during the period. Lisanti Capital Growth LLC’s holdings in Curtiss-Wright were worth $1,412,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased 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 acquiring an additional 1,836 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased 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 worth $1,205,000 after purchasing an additional 566 shares during the last quarter. Raymond James & Associates raised its stake in Curtiss-Wright by 14.6% during the third quarter. Raymond James & Associates now owns 44,434 shares of the aerospace company’s stock worth $8,693,000 after purchasing an additional 5,669 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Curtiss-Wright by 0.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock valued at $1,450,000 after purchasing an additional 59 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Curtiss-Wright by 18.1% during the 3rd quarter. Mackenzie Financial Corp now owns 2,706 shares of the aerospace company’s stock valued at $522,000 after buying an additional 414 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Morgan Stanley raised their target price on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a research note on Friday. 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. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Truist Financial upped their target price on Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Buy” and a consensus target price of $277.00.

Insider Buying and Selling

In other news, CFO K Christopher Farkas sold 2,736 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the sale, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO K Christopher Farkas sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s 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 owns 17,383 shares in the company, valued at $4,171,920. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,451 shares of company stock worth $3,030,512. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Up 1.1 %

Curtiss-Wright stock traded up $2.90 during midday trading on Tuesday, hitting $276.59. 284,017 shares of the stock were exchanged, compared to its average volume of 191,259. 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 company has a 50 day moving average price of $249.69 and a two-hundred day moving average price of $229.29. The firm has a market cap of $10.59 billion, a P/E ratio of 28.20 and a beta of 1.18. Curtiss-Wright Co. has a 1 year low of $157.85 and a 1 year high of $279.79.

Curtiss-Wright (NYSE:CW) last released its quarterly 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. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $664.01 million. During the same quarter in the previous year, the firm posted $1.53 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts predict that Curtiss-Wright Co. will post 10.27 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright’s payout ratio is currently 8.24%.

Curtiss-Wright 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.