Curtiss-Wright Co. (NYSE:CW) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC cut its position in shares of Curtiss-Wright Co. (NYSE:CW) by 66.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,656 shares of the aerospace company’s stock after selling 3,273 shares during the period. Cresset Asset Management LLC’s holdings in Curtiss-Wright were worth $588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CW. YANKCOM Partnership acquired a new stake in Curtiss-Wright during the fourth quarter worth about $31,000. Ancora Advisors LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth about $49,000. UMB Bank n.a. increased its stake in Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 64 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in Curtiss-Wright during the fourth quarter worth about $70,000. Finally, Smartleaf Asset Management LLC increased its stake in Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company’s stock worth $82,000 after acquiring an additional 105 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Trading Up 2.0%

Shares of CW opened at $395.27 on Wednesday. The company has a market capitalization of $14.89 billion, a P/E ratio of 37.47, a P/E/G ratio of 2.48 and a beta of 1.04. Curtiss-Wright Co. has a one year low of $258.85 and a one year high of $399.25. 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 stock has a 50-day moving average price of $329.39 and a 200 day moving average price of $345.89.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CW shares. Citigroup decreased their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Truist Financial decreased their target price on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $377.43.

Insiders Place Their Bets

In other Curtiss-Wright news, COO Kevin Rayment sold 1,003 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.73, for a total transaction of $326,707.19. Following the transaction, the chief operating officer now owns 25,863 shares of the company’s stock, valued at $8,424,354.99. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 9,253 shares in the company, valued at approximately $3,238,550. This represents a 34.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock valued at $3,581,107 in the last quarter. Insiders own 0.55% of the company’s stock.

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.