Curtiss-Wright Co. (NYSE:CW) Shares Sold by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. reduced its position in Curtiss-Wright Co. (NYSE:CW) by 0.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 8,135 shares of the aerospace company’s stock after selling 40 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Curtiss-Wright were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Curtiss-Wright by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,928 shares of the aerospace company’s stock valued at $2,198,000 after acquiring an additional 575 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Curtiss-Wright by 8.1% in the first quarter. Fifth Third Bancorp now owns 934 shares of the aerospace company’s stock valued at $296,000 after acquiring an additional 70 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Curtiss-Wright by 616.8% during the first quarter. SG Americas Securities LLC now owns 2,473 shares of the aerospace company’s stock worth $785,000 after purchasing an additional 2,128 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Curtiss-Wright by 41.8% during the first quarter. GAMMA Investing LLC now owns 818 shares of the aerospace company’s stock worth $260,000 after purchasing an additional 241 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Curtiss-Wright during the first quarter worth $232,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CW has been the subject of several recent research reports. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 24th. Citigroup increased their price target on Curtiss-Wright from $444.00 to $520.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Stifel Nicolaus decreased their price target on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a report on Monday, April 14th. Truist Financial decreased their price target on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Finally, Robert W. Baird increased their price target on Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.00.

Insider Activity

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This trade represents a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the sale, the chief financial officer now directly owns 9,253 shares in the company, valued at approximately $3,238,550. The trade was a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,992 shares of company stock worth $4,634,519 over the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Trading Down 0.2%

NYSE:CW opened at $473.43 on Friday. The stock has a fifty day moving average price of $385.35 and a two-hundred day moving average price of $357.67. The stock has a market capitalization of $17.83 billion, a price-to-earnings ratio of 44.88, a PEG 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 Co. has a 1 year low of $258.85 and a 1 year high of $478.99.

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

Curtiss-Wright Increases Dividend

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

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.