Cardinal Capital Management Sells 1,366 Shares of Curtiss-Wright Corporation $CW

Cardinal Capital Management lessened its position in Curtiss-Wright Corporation (NYSE:CW) by 11.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,523 shares of the aerospace company’s stock after selling 1,366 shares during the quarter. Cardinal Capital Management’s holdings in Curtiss-Wright were worth $5,716,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CW. Massachusetts Financial Services Co. MA acquired a new stake in Curtiss-Wright in the 2nd quarter valued at $270,731,000. Norges Bank bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $241,537,000. Munro Partners acquired a new stake in shares of Curtiss-Wright in the second quarter valued at about $78,000,000. AQR Capital Management LLC increased its position in shares of Curtiss-Wright by 45.8% in the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after acquiring an additional 122,048 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in Curtiss-Wright by 14.4% during the second quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock worth $385,651,000 after acquiring an additional 99,643 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CW shares. Truist Financial boosted their price target on Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Morgan Stanley restated an “overweight” rating and set a $660.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Finally, Stifel Nicolaus cut their target price 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. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $585.50.

Insiders Place Their Bets

In related news, EVP John C. Watts sold 107 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $578.84, for a total value of $61,935.88. Following the completion of the sale, the executive vice president directly owned 3,476 shares in the company, valued at $2,012,047.84. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW opened at $582.01 on Friday. The company’s 50-day moving average is $560.68 and its 200-day moving average is $525.80. 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 capitalization of $21.46 billion, a PE ratio of 47.43, a PEG ratio of 2.74 and a beta of 0.95. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $612.28.

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

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.82%.

Curtiss-Wright 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.