Aptus Capital Advisors LLC Cuts Stock Position in Curtiss-Wright Corporation $CW

Aptus Capital Advisors LLC trimmed its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,301 shares of the aerospace company’s stock after selling 1,978 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Curtiss-Wright were worth $18,358,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Transamerica Financial Advisors LLC increased its position in shares of Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares in the last quarter. IFP Advisors Inc increased its position in shares of Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after purchasing an additional 16 shares in the last quarter. Summit Financial LLC increased its position in shares of Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after purchasing an additional 16 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after purchasing an additional 17 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its position in shares of Curtiss-Wright by 2.9% during the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after purchasing an additional 17 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Lynn M. Bamford sold 3,225 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the transaction, the chief executive officer owned 50,634 shares of the company’s stock, valued at approximately $34,264,027.80. This represents a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kevin Rayment sold 907 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total value of $614,383.66. Following the transaction, the chief operating officer directly owned 31,493 shares in the company, valued at approximately $21,332,728.34. The trade was a 2.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,080 shares of company stock worth $6,297,278 in the last quarter. Insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $758.19 on Monday. Curtiss-Wright Corporation has a 52 week low of $458.74 and a 52 week high of $768.65. The business’s fifty day simple moving average is $726.95 and its 200-day simple moving average is $665.26. The firm has a market cap of $28.01 billion, a PE ratio of 55.54, a price-to-earnings-growth ratio of 3.51 and a beta of 0.85. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last announced its quarterly 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. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same quarter in the prior year, the company posted $2.82 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Equities analysts forecast that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CW. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Finally, Citigroup boosted their price objective on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.