NewEdge Advisors LLC lessened its position in shares of Curtiss-Wright Corporation (NYSE:CW – Free Report) by 52.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,146 shares of the aerospace company’s stock after selling 1,277 shares during the period. NewEdge Advisors LLC’s holdings in Curtiss-Wright were worth $781,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in CW. Bank of America Corp DE increased its stake in shares of Curtiss-Wright by 31.3% in the 1st quarter. Bank of America Corp DE now owns 179,221 shares of the aerospace company’s stock valued at $122,071,000 after purchasing an additional 42,682 shares during the last quarter. Oddo BHF Asset Management Sas lifted its holdings in shares of Curtiss-Wright by 2.0% in the first quarter. Oddo BHF Asset Management Sas now owns 20,203 shares of the aerospace company’s stock worth $13,761,000 after acquiring an additional 400 shares during the last quarter. Bull Harbor Capital LLC bought a new position in shares of Curtiss-Wright in the first quarter worth about $805,000. Altshuler Shaham Ltd boosted its stake in shares of Curtiss-Wright by 13.8% in the 1st quarter. Altshuler Shaham Ltd now owns 1,450 shares of the aerospace company’s stock valued at $988,000 after purchasing an additional 176 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Curtiss-Wright by 112.5% in the 1st quarter. Sunbelt Securities Inc. now owns 170 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.
Analyst Ratings Changes
CW has been the subject of a number of research analyst reports. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Citigroup upped their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $773.67.
Insider Buying and Selling at Curtiss-Wright
In other news, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. This trade represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is currently owned by company insiders.
Curtiss-Wright Stock Performance
Shares of CW stock opened at $725.11 on Monday. The firm has a market capitalization of $26.79 billion, a price-to-earnings ratio of 53.12, a PEG ratio of 3.32 and a beta of 0.87. 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 business’s 50-day moving average price is $745.76 and its 200-day moving average price is $711.52. Curtiss-Wright Corporation has a 12 month low of $464.91 and a 12 month high of $808.16.
Curtiss-Wright (NYSE:CW – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million during 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 firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 earnings per share. Equities research analysts forecast that Curtiss-Wright Corporation will post 15.22 EPS for the current year.
Curtiss-Wright Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s dividend payout ratio is 7.62%.
Curtiss-Wright 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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