WCM Investment Management LLC lowered its holdings in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 25.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,277 shares of the aerospace company’s stock after selling 1,101 shares during the period. WCM Investment Management LLC’s holdings in Curtiss-Wright were worth $2,071,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth $31,000. Larson Financial Group LLC increased its holdings in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in 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 purchasing an additional 15 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Curtiss-Wright in the fourth quarter valued at about $42,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Curtiss-Wright during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.
Insider Transactions at Curtiss-Wright
In related news, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president directly owned 2,172 shares in the company, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. 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 90 days, insiders have sold 3,119 shares of company stock valued at $2,257,998. Insiders own 0.51% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Research Report on CW
Curtiss-Wright Stock Up 0.2%
Shares of NYSE:CW opened at $709.51 on Tuesday. The firm has a market cap 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. The company has a fifty day simple moving average of $745.82 and a 200 day simple moving average of $702.36. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 12-month low of $463.00 and a 12-month high of $808.16.
Curtiss-Wright (NYSE:CW – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. The firm had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 EPS. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post 15.23 EPS for the current fiscal year.
Curtiss-Wright Announces Dividend
The business also recently declared 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 of this dividend 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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