International Assets Investment Management LLC Cuts Stake in Curtiss-Wright Corporation $CW

International Assets Investment Management LLC lowered its position in Curtiss-Wright Corporation (NYSE:CW) by 57.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 484 shares of the aerospace company’s stock after selling 655 shares during the period. International Assets Investment Management LLC’s holdings in Curtiss-Wright were worth $236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1 North Wealth Services LLC purchased a new stake in Curtiss-Wright in the first quarter worth approximately $32,000. Private Trust Co. NA boosted its stake in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock worth $44,000 after buying an additional 138 shares in the last quarter. West Oak Capital LLC purchased a new stake in Curtiss-Wright in the second quarter worth approximately $49,000. Tsfg LLC boosted its stake in Curtiss-Wright by 112.7% in the first quarter. Tsfg LLC now owns 217 shares of the aerospace company’s stock worth $69,000 after buying an additional 115 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in Curtiss-Wright in the first quarter worth approximately $69,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup upped their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $526.00.

Insiders Place Their Bets

In related news, VP John C. Watts sold 1,110 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president directly owned 3,863 shares of the company’s stock, valued at $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $559.09 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The company has a market cap of $21.07 billion, a PE ratio of 47.18, a P/E/G ratio of 3.04 and a beta of 1.14. The business has a 50 day moving average of $515.38 and a 200 day moving average of $459.57. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $575.07.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.10. The company had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.67 earnings per share. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s dividend payout ratio is presently 8.10%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.