Congress Wealth Management LLC DE Trims Stock Position in Curtiss-Wright Co. (NYSE:CW)

Congress Wealth Management LLC DE lowered its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,632 shares of the aerospace company’s stock after selling 317 shares during the quarter. Congress Wealth Management LLC DE owned about 0.15% of Curtiss-Wright worth $19,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CW. Vanguard Group Inc. raised its position in shares of Curtiss-Wright by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after acquiring an additional 15,890 shares in the last quarter. LPL Financial LLC increased its stake in shares of Curtiss-Wright by 65.7% during the fourth quarter. LPL Financial LLC now owns 25,069 shares of the aerospace company’s stock valued at $8,896,000 after purchasing an additional 9,939 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $401,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $3,513,000. Finally, Virtu Financial LLC bought a new stake in Curtiss-Wright in the fourth quarter worth $229,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Citigroup initiated coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock. Finally, Truist Financial boosted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $386.86.

Insider Activity at Curtiss-Wright

In related news, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul J. Ferdenzi sold 1,907 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the transaction, the insider now directly owns 18,405 shares in the company, valued at approximately $6,386,166.90. This represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. 0.67% of the stock is owned by insiders.

Curtiss-Wright Trading Down 0.6 %

Shares of Curtiss-Wright stock opened at $325.62 on Monday. The company has a market capitalization of $12.26 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a fifty day moving average of $337.26 and a 200 day moving average of $345.83. Curtiss-Wright Co. has a fifty-two week low of $246.43 and a fifty-two week high of $393.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

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.