Sterling Capital Management LLC Sells 1,186 Shares of Curtiss-Wright Corporation $CW

Sterling Capital Management LLC cut its position in Curtiss-Wright Corporation (NYSE:CWFree Report) by 23.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,942 shares of the aerospace company’s stock after selling 1,186 shares during the quarter. Sterling Capital Management LLC’s holdings in Curtiss-Wright were worth $2,685,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CW. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter worth about $31,000. Larson Financial Group LLC boosted its position in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after buying an additional 21 shares during the period. Transamerica Financial Advisors LLC boosted its position in Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after buying an additional 15 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Curtiss-Wright during the 4th quarter worth approximately $42,000. Finally, Sunbelt Securities Inc. acquired a new position in Curtiss-Wright in the 3rd quarter valued at approximately $43,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CW. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Finally, Citigroup lifted their target price on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $746.67.

View Our Latest Stock Analysis on Curtiss-Wright

Insiders Place Their Bets

In other Curtiss-Wright 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 value of $288,058.05. Following the transaction, the vice president directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 worth $2,257,998. Insiders own 0.51% of the company’s stock.

Curtiss-Wright Trading Up 0.0%

Shares of Curtiss-Wright stock opened at $747.45 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. Curtiss-Wright Corporation has a 52 week low of $463.00 and a 52 week high of $800.00. The stock has a 50 day moving average price of $737.23 and a two-hundred day moving average price of $680.58. The stock has a market capitalization of $27.61 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 3.46 and a beta of 0.85.

Curtiss-Wright (NYSE:CWGet Free Report) last issued its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same period in the prior year, the firm earned $2.82 earnings per share. Curtiss-Wright’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities analysts anticipate that Curtiss-Wright Corporation will post 15.17 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is 7.62%.

About Curtiss-Wright

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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