iA Global Asset Management Inc. Decreases Stake in Curtiss-Wright Corporation $CW

iA Global Asset Management Inc. reduced its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 12.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,040 shares of the aerospace company’s stock after selling 1,580 shares during the period. iA Global Asset Management Inc.’s holdings in Curtiss-Wright were worth $7,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC purchased a new stake in Curtiss-Wright during the 4th quarter valued at about $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 worth $33,000 after buying an additional 21 shares during the period. Transamerica Financial Advisors LLC raised 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 last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Curtiss-Wright during the 4th quarter valued at approximately $42,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Curtiss-Wright in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of the 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 completion of the transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 the business’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 transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. This trade represents a 4.94% 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. Insiders have sold 3,119 shares of company stock valued at $2,257,998 over the last 90 days. 0.51% of the stock is owned by insiders.

Curtiss-Wright Stock Up 0.1%

Shares of NYSE CW opened at $758.27 on Thursday. The company has a market capitalization of $28.01 billion, a P/E ratio of 55.55, a P/E/G ratio of 3.51 and a beta of 0.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. The company has a 50 day simple moving average of $738.53 and a 200-day simple moving average of $684.71. Curtiss-Wright Corporation has a 1 year low of $463.00 and a 1 year high of $800.00.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $863.83 million. During the same period in the prior year, the business posted $2.82 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that Curtiss-Wright Corporation will post 15.17 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is 7.62%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Citigroup boosted their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $749.67.

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.