Shell Asset Management Co. Sells 97 Shares of Curtiss-Wright Co. (NYSE:CW)

Shell Asset Management Co. lessened its position in Curtiss-Wright Co. (NYSE:CW) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,709 shares of the aerospace company’s stock after selling 97 shares during the period. Shell Asset Management Co.’s holdings in Curtiss-Wright were worth $693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in Curtiss-Wright during the fourth quarter valued at approximately $32,000. Venturi Wealth Management LLC raised its position in Curtiss-Wright by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 52 shares during the period. Sachetta LLC bought a new position in Curtiss-Wright in the fourth quarter worth approximately $45,000. GAMMA Investing LLC bought a new position in Curtiss-Wright in the fourth quarter worth approximately $57,000. Finally, Psagot Value Holdings Ltd. Israel raised its position in Curtiss-Wright by 736.8% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 318 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 280 shares during the period. Institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CW. Truist Financial increased their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 18th. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $304.50.

Curtiss-Wright Stock Performance

CW opened at $280.07 on Friday. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 28.84 and a beta of 1.18. The company has a fifty day moving average of $276.71 and a 200 day moving average of $255.27. Curtiss-Wright Co. has a fifty-two week low of $188.71 and a fifty-two week high of $288.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 2.02.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.24. The company had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. Curtiss-Wright’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $1.53 earnings per share. As a group, sell-side analysts forecast that Curtiss-Wright Co. will post 10.25 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. Investors of record on Monday, June 17th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.30%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 17th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of Curtiss-Wright stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the transaction, the chief operating officer now directly owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of Curtiss-Wright stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the transaction, the chief operating officer now directly owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Marce Fuller sold 5,300 shares of Curtiss-Wright stock in a transaction on 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 completion of the transaction, the director now directly owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 120 shares of company stock valued at $27,914. Corporate insiders own 0.67% of the company’s stock.

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.