Campbell Newman Asset Management Inc. Cuts Stock Holdings in Curtiss-Wright Co. (NYSE:CW)

Campbell Newman Asset Management Inc. reduced its position in shares of Curtiss-Wright Co. (NYSE:CW) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,135 shares of the aerospace company’s stock after selling 40 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Curtiss-Wright were worth $2,581,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CW. Whipplewood Advisors LLC lifted its position in Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock worth $32,000 after buying an additional 94 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at about $35,000. Ancora Advisors LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $49,000. MassMutual Private Wealth & Trust FSB increased its position in Curtiss-Wright by 165.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company’s stock worth $63,000 after purchasing an additional 124 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in Curtiss-Wright during the fourth quarter worth about $70,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CW has been the topic of a number of research analyst reports. Citigroup lifted their target price on Curtiss-Wright from $444.00 to $520.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Truist Financial reduced their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Robert W. Baird increased their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 24th. Finally, Stifel Nicolaus decreased their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $418.00.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 3,131 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at approximately $13,955,858.67. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director now owns 4,523 shares in the company, valued at $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,992 shares of company stock valued at $4,634,519. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Down 0.2%

Shares of CW stock opened at $473.43 on Friday. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $478.99. The company has a 50 day moving average price of $385.35 and a 200 day moving average price of $357.67. The stock has a market capitalization of $17.83 billion, a P/E ratio of 44.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.99 earnings per share. Equities research analysts predict that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Monday, June 16th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.21. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.54%.

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.