Aaron Wealth Advisors LLC Decreases Stock Holdings in Curtiss-Wright Corporation $CW

Aaron Wealth Advisors LLC reduced its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 34.2% during the first quarter, HoldingsChannel.com reports. The fund owned 1,874 shares of the aerospace company’s stock after selling 973 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Curtiss-Wright were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CW. Norges Bank bought a new position in Curtiss-Wright during the fourth quarter valued at about $290,633,000. Corient Private Wealth LLC raised its position in Curtiss-Wright by 6,169.8% in the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock worth $224,108,000 after acquiring an additional 400,047 shares during the period. Franklin Resources Inc. raised its position in Curtiss-Wright by 61.0% in the fourth quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock worth $270,392,000 after acquiring an additional 185,887 shares during the period. Axiom Investors LLC DE purchased a new position in Curtiss-Wright in the fourth quarter valued at about $76,892,000. Finally, AQR Capital Management LLC grew its position in shares of Curtiss-Wright by 45.8% during the 2nd 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 period. Institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other news, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the transaction, the vice president owned 2,172 shares in the company, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,119 shares of company stock worth $2,257,998. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $747.45 on Friday. The firm has a market capitalization of $27.61 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 3.56 and a beta of 0.85. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 12 month low of $463.00 and a 12 month high of $800.00. The business’s 50-day moving average price is $737.23 and its 200-day moving average price is $679.65.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million for 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 quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 EPS. Sell-side analysts forecast that Curtiss-Wright Corporation will post 15.17 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid 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 Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.62%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CW shares. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Citigroup increased their price target on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $746.67.

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.