Arbejdsmarkedets Tillaegspension Sells 6,996 Shares of Curtiss-Wright Corporation $CW

Arbejdsmarkedets Tillaegspension trimmed its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 16.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,153 shares of the aerospace company’s stock after selling 6,996 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Curtiss-Wright were worth $24,625,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CW. Norges Bank bought a new stake in Curtiss-Wright during the fourth quarter worth $290,633,000. Corient Private Wealth LLC raised its holdings in shares of Curtiss-Wright by 6,169.8% in the 4th quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after purchasing an additional 400,047 shares during the period. Franklin Resources Inc. raised its holdings in shares of Curtiss-Wright by 61.0% in the 4th quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock valued at $270,392,000 after purchasing an additional 185,887 shares during the period. Axiom Investors LLC DE acquired a new stake in Curtiss-Wright in the 4th quarter valued at about $76,892,000. Finally, AQR Capital Management LLC lifted its stake in Curtiss-Wright by 45.8% in the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after purchasing an additional 122,048 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In related news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the sale, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 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 completion of the transaction, the vice president directly owned 2,172 shares in the company, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,119 shares of company stock valued at $2,257,998. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

CW has been the topic of a number of recent analyst reports. Citigroup boosted their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings downgraded Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $749.67.

Curtiss-Wright Stock Down 1.8%

Shares of CW opened at $741.27 on Tuesday. The firm has a market cap of $27.38 billion, a P/E ratio of 54.31, a price-to-earnings-growth ratio of 3.47 and a beta of 0.86. 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 52 week low of $463.00 and a 52 week high of $808.16. The firm’s 50-day simple moving average is $746.15 and its 200 day simple moving average is $696.62.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm had revenue of $913.69 million during the quarter, compared to the consensus estimate of $863.83 million. During the same period last year, the business 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 15.18 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.

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.