HighTower Advisors LLC Sells 871 Shares of Curtiss-Wright Corporation $CW

HighTower Advisors LLC lessened its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,577 shares of the aerospace company’s stock after selling 871 shares during the quarter. HighTower Advisors LLC’s holdings in Curtiss-Wright were worth $8,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CW. Goldman Sachs Group Inc. increased its stake in Curtiss-Wright by 10.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after purchasing an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Curtiss-Wright during the 2nd quarter valued at $235,000. Northwestern Mutual Wealth Management Co. increased its stake in Curtiss-Wright by 53.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 35 shares in the last quarter. Marshall Wace LLP bought a new stake in Curtiss-Wright during the 2nd quarter valued at $5,423,000. Finally, Cresset Asset Management LLC increased its stake in Curtiss-Wright by 46.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock valued at $705,000 after purchasing an additional 457 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

CW has been the subject of a number of recent research reports. Morgan Stanley restated an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Three investment 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, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $746.67.

Curtiss-Wright Price Performance

CW opened at $751.14 on Wednesday. The firm has a market cap of $27.75 billion, a P/E ratio of 55.03, a PEG ratio of 3.39 and a beta of 0.86. The firm has a 50-day moving average of $712.26 and a 200 day moving average of $648.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. Curtiss-Wright Corporation has a fifty-two week low of $433.12 and a fifty-two week high of $760.72.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. On average, research analysts expect that Curtiss-Wright Corporation will post 15.15 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 15th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is presently 7.03%.

Insider Activity at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 252 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total transaction of $173,663.28. Following the completion of the transaction, the vice president owned 2,571 shares in the company, valued at approximately $1,771,778.94. This represents a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kevin Rayment sold 907 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total transaction of $614,383.66. Following the transaction, the chief operating officer owned 31,493 shares of the company’s stock, valued at approximately $21,332,728.34. The trade was a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,961 shares of company stock valued at $4,039,279 in the last 90 days. 0.51% of the stock is currently owned by company insiders.

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.