Curtiss-Wright Corporation $CW Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. decreased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,720 shares of the aerospace company’s stock after selling 681 shares during the quarter. Curtiss-Wright accounts for about 1.1% of GHP Investment Advisors Inc.’s investment portfolio, making the stock its 12th largest position. GHP Investment Advisors Inc. owned approximately 0.14% of Curtiss-Wright worth $25,268,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Creekmur Asset Management LLC grew its position in Curtiss-Wright by 4,383.6% in the second quarter. Creekmur Asset Management LLC now owns 2,735 shares of the aerospace company’s stock worth $1,336,000 after buying an additional 2,674 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in Curtiss-Wright in the 2nd quarter worth approximately $269,000. Retirement Systems of Alabama boosted its stake in Curtiss-Wright by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 87,836 shares of the aerospace company’s stock worth $42,912,000 after purchasing an additional 230 shares during the period. Assetmark Inc. boosted its stake in Curtiss-Wright by 6.8% in the 2nd quarter. Assetmark Inc. now owns 7,145 shares of the aerospace company’s stock worth $3,491,000 after purchasing an additional 456 shares during the period. Finally, Spire Wealth Management boosted its stake in Curtiss-Wright by 21.5% in the 2nd quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock worth $268,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.2%

Shares of NYSE:CW opened at $596.58 on Friday. The firm has a fifty day moving average of $527.94 and a two-hundred day moving average of $473.21. The firm has a market capitalization of $22.48 billion, a P/E ratio of 50.34, a price-to-earnings-growth ratio of 3.41 and a beta of 1.14. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $612.28. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (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 analyst estimates of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $2.67 EPS. On average, equities analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed 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 dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s payout ratio is presently 8.10%.

Insider Activity

In related news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CW shares. Truist Financial raised their price objective on shares of Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Citigroup raised their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Morgan Stanley raised their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $545.00.

About Curtiss-Wright

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.