Kestra Advisory Services LLC reduced its holdings in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 29.3% in the first quarter, HoldingsChannel reports. The firm owned 2,548 shares of the aerospace company’s stock after selling 1,058 shares during the period. Kestra Advisory Services LLC’s holdings in Curtiss-Wright were worth $1,736,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC grew its holdings in shares of Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 15 shares in the last quarter. IFP Advisors Inc boosted its position in Curtiss-Wright by 2.3% in 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 during the last quarter. Summit Financial LLC boosted its position in Curtiss-Wright by 2.3% in 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 during the last quarter. Mayflower Financial Advisors LLC grew its stake in Curtiss-Wright by 2.9% in the 4th quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 17 shares during the period. Finally, VestGen Investment Management grew its stake in Curtiss-Wright by 0.9% in the 4th quarter. VestGen Investment Management now owns 1,870 shares of the aerospace company’s stock valued at $1,031,000 after purchasing an additional 17 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Curtiss-Wright
In other news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the sale, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the sale, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This represents a 4.94% 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. Over the last quarter, insiders have sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on Curtiss-Wright
Curtiss-Wright Stock Up 0.2%
Shares of NYSE CW opened at $709.51 on Tuesday. The firm has a fifty day simple moving average of $745.82 and a two-hundred day simple moving average of $702.36. Curtiss-Wright Corporation has a 12 month low of $463.00 and a 12 month high of $808.16. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $26.21 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 3.24 and a beta of 0.86.
Curtiss-Wright (NYSE:CW – Get Free Report) last issued its 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. The business had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $2.82 EPS. Equities analysts expect that Curtiss-Wright Corporation will post 15.23 earnings per share for the current year.
Curtiss-Wright Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were given a dividend of $0.24 per share. The ex-dividend date was Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.
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.
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