Bank of New York Mellon Corp Sells 55,461 Shares of Curtiss-Wright Corporation $CW

Bank of New York Mellon Corp decreased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 10.7% in the third quarter, HoldingsChannel.com reports. The fund owned 460,689 shares of the aerospace company’s stock after selling 55,461 shares during the quarter. Bank of New York Mellon Corp’s holdings in Curtiss-Wright were worth $250,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Miracle Mile Advisors LLC boosted its stake in Curtiss-Wright by 1.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock worth $554,000 after purchasing an additional 18 shares during the period. Nisa Investment Advisors LLC grew its stake in Curtiss-Wright by 1.5% during the second 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 in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Curtiss-Wright by 0.3% in the 2nd 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 acquiring an additional 30 shares during the last quarter. Cadinha & Co. LLC lifted its stake in Curtiss-Wright by 1.3% in the 3rd quarter. Cadinha & Co. LLC now owns 2,368 shares of the aerospace company’s stock worth $1,286,000 after purchasing an additional 30 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Curtiss-Wright by 20.3% during the 2nd quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock valued at $93,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.1%

CW stock opened at $663.78 on Friday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $673.19. The stock has a market capitalization of $24.48 billion, a price-to-earnings ratio of 54.10, a price-to-earnings-growth ratio of 3.03 and a beta of 0.95. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $585.07 and its two-hundred day simple moving average is $543.13.

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

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, November 28th. Curtiss-Wright’s payout ratio is 7.82%.

Insider Activity at Curtiss-Wright

In other news, EVP John C. Watts sold 288 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total value of $172,800.00. Following the sale, the executive vice president directly owned 3,188 shares in the company, valued at approximately $1,912,800. This represents a 8.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 513 shares of company stock worth $302,586 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Citigroup lifted their price objective on Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Truist Financial set a $603.00 target price on Curtiss-Wright in a research report on Friday, January 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $612.33.

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.