Curtiss-Wright Corporation $CW Shares Sold by Covea Finance

Covea Finance lessened its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 4.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,081 shares of the aerospace company’s stock after selling 1,900 shares during the period. Covea Finance owned about 0.11% of Curtiss-Wright worth $22,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CW. Nisa Investment Advisors LLC increased its holdings in shares of Curtiss-Wright by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock valued at $746,000 after acquiring an additional 22 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Curtiss-Wright by 0.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company’s stock valued at $5,840,000 after purchasing an additional 30 shares in the last quarter. Huntington National Bank boosted its holdings in Curtiss-Wright by 20.3% in the second quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock valued at $93,000 after purchasing an additional 32 shares in the last quarter. ANB Bank increased its stake in Curtiss-Wright by 5.1% in the second quarter. ANB Bank now owns 698 shares of the aerospace company’s stock valued at $341,000 after purchasing an additional 34 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its stake in Curtiss-Wright by 2.3% in the second quarter. Snowden Capital Advisors LLC now owns 1,535 shares of the aerospace company’s stock valued at $750,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.3%

NYSE CW opened at $567.89 on Friday. The firm’s fifty day moving average is $560.38 and its two-hundred day moving average is $518.60. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $612.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The firm has a market cap of $20.94 billion, a PE ratio of 46.28, a P/E/G ratio of 2.98 and a beta of 0.93.

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

Curtiss-Wright Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CW. Morgan Stanley restated an “overweight” rating and issued a $660.00 target price on shares of Curtiss-Wright in a report on Tuesday, December 16th. Citigroup started coverage on shares of Curtiss-Wright in a research report on Thursday, December 11th. They issued a “neutral” rating and a $607.00 price target for the company. Stifel Nicolaus decreased their price objective on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Truist Financial lifted their target price on Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Finally, Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $585.50.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.