Lisanti Capital Growth LLC Cuts Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Lisanti Capital Growth LLC lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 1.5% during the first quarter, HoldingsChannel.com reports. The firm owned 6,245 shares of the aerospace company’s stock after selling 95 shares during the period. Lisanti Capital Growth LLC’s holdings in Curtiss-Wright were worth $1,598,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Comerica Bank purchased a new position in shares of Curtiss-Wright in the 3rd quarter valued at $5,284,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Curtiss-Wright by 21.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,480 shares of the aerospace company’s stock worth $4,398,000 after purchasing an additional 3,933 shares in the last quarter. HWG Holdings LP boosted its position in shares of Curtiss-Wright by 143.2% in the fourth quarter. HWG Holdings LP now owns 20,110 shares of the aerospace company’s stock worth $4,480,000 after buying an additional 11,841 shares during the period. Pure Financial Advisors LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $238,000. Finally, Covea Finance raised its holdings in shares of Curtiss-Wright by 3.5% during the 4th quarter. Covea Finance now owns 35,300 shares of the aerospace company’s stock valued at $7,864,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the sale, the chief operating officer now directly owns 19,914 shares in the company, valued at $5,609,176.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the sale, the chief operating officer now directly owns 19,914 shares in the company, valued at approximately $5,609,176.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director S Marce Fuller sold 5,300 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the sale, the director now owns 25,770 shares in the company, valued at $7,242,400.80. The disclosure for this sale can be found here. Insiders purchased a total of 120 shares of company stock worth $27,914 in the last three months. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of analyst reports. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 5th. Morgan Stanley upped their target price on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $293.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Truist Financial upped their price objective on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Finally, Robert W. Baird raised their target price on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of “Buy” and an average price target of $302.50.

Curtiss-Wright Stock Down 0.8 %

Shares of NYSE:CW traded down $2.24 during midday trading on Friday, reaching $279.52. The company had a trading volume of 232,338 shares, compared to its average volume of 233,713. The stock has a market capitalization of $10.71 billion, a P/E ratio of 28.79 and a beta of 1.18. The stock’s fifty day moving average price is $275.77 and its 200-day moving average price is $251.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. Curtiss-Wright Co. has a one year low of $185.52 and a one year high of $286.65.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same quarter in the prior year, the business posted $1.53 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts expect that Curtiss-Wright Co. will post 10.27 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

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

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.