Curtiss-Wright Corporation $CW is Running Oak Capital LLC’s 3rd Largest Position

Running Oak Capital LLC reduced its stake in Curtiss-Wright Corporation (NYSE:CW) by 5.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 36,407 shares of the aerospace company’s stock after selling 2,175 shares during the period. Curtiss-Wright comprises 2.2% of Running Oak Capital LLC’s holdings, making the stock its 3rd largest position. Running Oak Capital LLC’s holdings in Curtiss-Wright were worth $19,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CW. Atlantic Union Bankshares Corp purchased a new position in Curtiss-Wright during the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Curtiss-Wright in the 2nd quarter worth about $27,000. Penserra Capital Management LLC purchased a new position in Curtiss-Wright during the 2nd quarter valued at about $29,000. First Horizon Corp bought a new stake in Curtiss-Wright during the third quarter worth about $34,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Citigroup raised their price target on Curtiss-Wright from $607.00 to $661.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Truist Financial set a $603.00 price target 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 research report on Monday, December 22nd. Four investment 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 an average price target of $612.33.

Curtiss-Wright Trading Up 1.0%

Shares of NYSE:CW opened at $663.30 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $673.19. The company has a market cap of $24.46 billion, a P/E ratio of 54.06, a PEG ratio of 2.99 and a beta of 0.92. The stock’s fifty day moving average price is $589.81 and its 200-day moving average price is $546.45.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data 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 company had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.Curtiss-Wright’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the company earned $2.89 EPS. Sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued 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 of this dividend was Friday, November 28th. Curtiss-Wright’s payout ratio is presently 7.82%.

Insiders Place Their Bets

In related news, EVP John C. Watts sold 288 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $600.00, for a total transaction of $172,800.00. Following the transaction, the executive vice president owned 3,188 shares in the company, valued at $1,912,800. This represents a 8.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 513 shares of company stock worth $302,586 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

About Curtiss-Wright

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.