Curtiss-Wright Corporation $CW Shares Sold by Midwest Trust Co

Midwest Trust Co lowered its holdings in Curtiss-Wright Corporation (NYSE:CW) by 26.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,226 shares of the aerospace company’s stock after selling 12,482 shares during the period. Midwest Trust Co owned 0.09% of Curtiss-Wright worth $19,126,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Curtiss-Wright during the third quarter worth about $2,781,000. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Curtiss-Wright by 108.0% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock valued at $1,141,000 after buying an additional 1,213 shares during the period. Inscription Capital LLC lifted its position in Curtiss-Wright by 248.3% during the 3rd quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company’s stock worth $1,386,000 after acquiring an additional 1,820 shares in the last quarter. Creative Planning boosted its holdings in Curtiss-Wright by 30.4% in the 2nd quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after acquiring an additional 1,300 shares during the period. Finally, Baird Financial Group Inc. grew its position in Curtiss-Wright by 914.7% in the second quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock valued at $10,103,000 after acquiring an additional 18,641 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Curtiss-Wright news, EVP John C. Watts sold 652 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total value of $407,871.64. Following the transaction, the executive vice president owned 3,890 shares of the company’s stock, valued at $2,433,467.30. This trade represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kevin Rayment sold 2,634 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total value of $1,649,753.22. Following the completion of the transaction, the chief operating officer owned 29,896 shares of the company’s stock, valued at approximately $18,724,761.68. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 17,269 shares of company stock worth $10,797,098. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CW. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research report on Friday, January 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $660.00 price target on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Stifel Nicolaus set a $625.00 price objective on shares of Curtiss-Wright in a research report on Friday, January 23rd. Citigroup raised their target price on Curtiss-Wright from $607.00 to $661.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $612.33.

Curtiss-Wright Stock Up 0.6%

Shares of Curtiss-Wright stock opened at $653.48 on Tuesday. The business has a 50-day moving average price of $598.39 and a 200 day moving average price of $552.23. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $683.09. The firm has a market cap of $24.10 billion, a P/E ratio of 53.26, a P/E/G ratio of 2.96 and a beta of 0.92. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is 7.82%.

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.