Curtiss-Wright Corporation $CW Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 98.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 717 shares of the aerospace company’s stock after selling 40,206 shares during the period. Assenagon Asset Management S.A.’s holdings in Curtiss-Wright were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CW. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $31,000. Larson Financial Group LLC grew its holdings in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the period. Transamerica Financial Advisors LLC raised its position in Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Curtiss-Wright in the fourth quarter valued at $42,000. Finally, Elyxium Wealth LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at $43,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company’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 transaction of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 3,119 shares of company stock worth $2,257,998. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $758.94 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. The business’s fifty day moving average price is $740.28 and its two-hundred day moving average price is $686.73. The stock has a market cap of $28.04 billion, a PE ratio of 55.60, a price-to-earnings-growth ratio of 3.52 and a beta of 0.86. Curtiss-Wright Corporation has a one year low of $463.00 and a one year high of $800.00.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. During the same period in the previous year, the firm posted $2.82 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, analysts forecast that Curtiss-Wright Corporation will post 15.17 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s dividend payout ratio is 7.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CW shares. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Citigroup upped their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $749.67.

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.