Curtiss-Wright Corporation $CW Shares Sold by Strs Ohio

Strs Ohio decreased its stake in Curtiss-Wright Corporation (NYSE:CW) by 43.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,799 shares of the aerospace company’s stock after selling 4,392 shares during the quarter. Strs Ohio’s holdings in Curtiss-Wright were worth $3,149,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Miracle Mile Advisors LLC boosted its holdings in Curtiss-Wright by 1.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock worth $554,000 after buying an additional 18 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Curtiss-Wright by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock valued at $746,000 after acquiring an additional 22 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Curtiss-Wright by 0.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company’s stock worth $5,840,000 after acquiring an additional 30 shares during the last quarter. Cadinha & Co. LLC increased its position in shares of Curtiss-Wright by 1.3% during the third quarter. Cadinha & Co. LLC now owns 2,368 shares of the aerospace company’s stock worth $1,286,000 after purchasing an additional 30 shares in the last quarter. Finally, Huntington National Bank raised its stake in Curtiss-Wright by 20.3% in the 2nd quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock valued at $93,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In related news, EVP John C. Watts sold 288 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $600.00, for a total transaction of $172,800.00. Following the completion of the sale, the executive vice president directly owned 3,188 shares of the company’s stock, valued at approximately $1,912,800. This trade represents a 8.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 513 shares of company stock worth $302,586. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $660.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Citigroup raised their target price on shares of Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $612.33.

Curtiss-Wright Price Performance

Shares of CW stock opened at $650.06 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The company has a market capitalization of $23.97 billion, a PE ratio of 52.98, a price-to-earnings-growth ratio of 2.95 and a beta of 0.95. The firm’s 50-day moving average is $577.73 and its two-hundred day moving average is $540.11. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $669.98.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The business had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. During the same quarter last year, the firm earned $2.89 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is 7.82%.

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.