Curtiss-Wright Co. (NYSE:CW) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 79.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,340 shares of the aerospace company’s stock after selling 24,010 shares during the period. Lisanti Capital Growth LLC’s holdings in Curtiss-Wright were worth $1,412,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth $387,000. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in Curtiss-Wright in the 4th quarter valued at about $388,000. Los Angeles Capital Management LLC lifted its stake in Curtiss-Wright by 85.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 37,856 shares of the aerospace company’s stock worth $8,434,000 after purchasing an additional 17,428 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Curtiss-Wright by 14.3% during the 4th quarter. Benjamin Edwards Inc. now owns 1,398 shares of the aerospace company’s stock worth $312,000 after purchasing an additional 175 shares during the last quarter. Finally, Andina Capital Management LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $301,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the sale, the vice president now directly owns 15,942 shares in the company, valued at $3,985,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Lynn M. Bamford sold 2,620 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total transaction of $638,232.00. Following the completion of the transaction, the chief executive officer now directly owns 35,773 shares of the company’s stock, valued at $8,714,302.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock worth $3,030,512 in the last ninety days. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on CW shares. Morgan Stanley lifted their price objective on Curtiss-Wright from $260.00 to $284.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Sunday. Truist Financial lifted their target price on shares of Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Friday. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Robert W. Baird upped their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $277.00.

Curtiss-Wright Trading Up 1.1 %

Shares of NYSE:CW traded up $2.90 during mid-day trading on Tuesday, reaching $276.59. 284,017 shares of the company were exchanged, compared to its average volume of 191,259. Curtiss-Wright Co. has a 1 year low of $157.85 and a 1 year high of $279.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The firm’s 50-day simple moving average is $249.69 and its 200 day simple moving average is $229.29. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 28.20 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. During the same period in the previous year, the firm posted $1.53 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. Equities research analysts forecast that Curtiss-Wright Co. will post 10.27 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.29%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright’s payout ratio is currently 8.24%.

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.