Curtiss-Wright Corporation $CW Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC lowered its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 68.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 551 shares of the aerospace company’s stock after selling 1,222 shares during the period. Townsquare Capital LLC’s holdings in Curtiss-Wright were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC boosted its stake in shares of Curtiss-Wright by 1.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock worth $554,000 after acquiring an additional 18 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Curtiss-Wright by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock worth $746,000 after purchasing an additional 22 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in Curtiss-Wright by 0.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company’s stock worth $5,840,000 after purchasing an additional 30 shares in the last quarter. Cadinha & Co. LLC grew its holdings in Curtiss-Wright by 1.3% in the third quarter. Cadinha & Co. LLC now owns 2,368 shares of the aerospace company’s stock valued at $1,286,000 after purchasing an additional 30 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of Curtiss-Wright by 20.3% in the second quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock valued at $93,000 after buying an additional 32 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CW has been the topic of several recent research reports. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research report on Friday, January 9th. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Citigroup upped their price target on shares of Curtiss-Wright from $607.00 to $661.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating and set a $660.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Finally, Stifel Nicolaus set a $625.00 target price on Curtiss-Wright in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $612.33.

Insider Buying and Selling at Curtiss-Wright

In related news, EVP John C. Watts sold 288 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $600.00, for a total value of $172,800.00. Following the sale, the executive vice president directly owned 3,188 shares of the company’s stock, valued at approximately $1,912,800. This trade represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 513 shares of company stock worth $302,586. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Down 1.2%

CW stock opened at $656.15 on Friday. The company has a 50 day moving average price of $587.48 and a two-hundred day moving average price of $544.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The stock has a market capitalization of $24.20 billion, a P/E ratio of 53.48, a PEG ratio of 3.03 and a beta of 0.95. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $673.19.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.12. The business had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 earnings per share. As a group, sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is currently 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.