American International Group Inc. Cuts Stock Position in Curtiss-Wright Co. (NYSE:CW)

American International Group Inc. lessened its holdings in Curtiss-Wright Co. (NYSE:CW) by 2.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 50,620 shares of the aerospace company’s stock after selling 1,035 shares during the period. American International Group Inc.’s holdings in Curtiss-Wright were worth $12,956,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Creekmur Asset Management LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at about $32,000. Venturi Wealth Management LLC grew its position in shares of Curtiss-Wright by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Sachetta LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at about $45,000. GAMMA Investing LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter valued at about $57,000. Finally, Psagot Value Holdings Ltd. Israel grew its position in shares of Curtiss-Wright by 736.8% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 318 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 1.3 %

CW traded up $3.62 on Thursday, hitting $282.83. The company had a trading volume of 51,547 shares, compared to its average volume of 202,334. The company has a market cap of $10.83 billion, a PE ratio of 29.02 and a beta of 1.18. Curtiss-Wright Co. has a 12-month low of $188.71 and a 12-month high of $288.44. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $276.63 and its 200 day simple moving average is $254.65.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.24. The business had revenue of $713.17 million during the quarter, compared to the consensus estimate of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 earnings per share. Equities research analysts expect that Curtiss-Wright Co. will post 10.25 EPS for the current year.

Curtiss-Wright Increases Dividend

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

Insiders Place Their Bets

In other Curtiss-Wright news, Director S Marce Fuller sold 5,300 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total value of $1,489,512.00. Following the completion of the sale, the director now owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Kevin Rayment sold 8,415 shares of Curtiss-Wright stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the completion of the sale, the chief operating officer now owns 19,914 shares of the company’s stock, valued at $5,609,176.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Marce Fuller sold 5,300 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the sale, the director now directly owns 25,770 shares of the company’s stock, valued at approximately $7,242,400.80. The disclosure for this sale can be found here. Insiders bought a total of 120 shares of company stock valued at $27,914 over the last 90 days. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.