CW Advisors LLC Sells 8,882 Shares of Curtiss-Wright Corporation $CW

CW Advisors LLC cut its position in Curtiss-Wright Corporation (NYSE:CW) by 16.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,655 shares of the aerospace company’s stock after selling 8,882 shares during the period. CW Advisors LLC owned about 0.12% of Curtiss-Wright worth $21,328,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. LPL Financial LLC raised its holdings in Curtiss-Wright by 36.9% during the 1st quarter. LPL Financial LLC now owns 34,311 shares of the aerospace company’s stock worth $10,886,000 after buying an additional 9,242 shares during the period. Mackenzie Financial Corp bought a new stake in shares of Curtiss-Wright during the 1st quarter worth approximately $537,000. Jefferies Financial Group Inc. lifted its stake in Curtiss-Wright by 20.2% in the first quarter. Jefferies Financial Group Inc. now owns 1,103 shares of the aerospace company’s stock valued at $350,000 after acquiring an additional 185 shares during the last quarter. IFG Advisory LLC grew its position in shares of Curtiss-Wright by 21.6% in the 1st quarter. IFG Advisory LLC now owns 759 shares of the aerospace company’s stock valued at $241,000 after acquiring an additional 135 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Curtiss-Wright by 47.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,641 shares of the aerospace company’s stock valued at $2,742,000 after purchasing an additional 2,766 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $536.14 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The firm has a market cap of $19.77 billion, a price-to-earnings ratio of 43.70, a P/E/G ratio of 2.87 and a beta of 0.93. The stock’s fifty day moving average price is $557.49 and its two-hundred day moving average price is $506.13. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $612.28.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The company had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. During the same quarter last year, the firm earned $2.89 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s payout ratio is currently 7.82%.

Analysts Set New Price Targets

CW has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Curtiss-Wright in a report on Monday. Truist Financial increased their price target on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Finally, Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $562.83.

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.