Hantz Financial Services Inc. Sells 3,431 Shares of Curtiss-Wright Corporation $CW

Hantz Financial Services Inc. cut its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 14.2% in the 4th quarter, Holdings Channel reports. The firm owned 20,791 shares of the aerospace company’s stock after selling 3,431 shares during the period. Hantz Financial Services Inc.’s holdings in Curtiss-Wright were worth $11,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new stake in Curtiss-Wright during the third quarter worth $26,000. Larson Financial Group LLC lifted its stake in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Curtiss-Wright during the fourth quarter worth $43,000. Sunbelt Securities Inc. bought a new stake in Curtiss-Wright during the third quarter worth $43,000. Finally, V Square Quantitative Management LLC bought a new stake in Curtiss-Wright during the fourth quarter worth $45,000. 82.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 918 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total transaction of $621,908.28. Following the completion of the transaction, the chief financial officer directly owned 5,518 shares of the company’s stock, valued at $3,738,224.28. This trade represents a 14.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 3,225 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total value of $2,182,357.50. Following the transaction, the chief executive officer directly owned 50,634 shares of the company’s stock, valued at approximately $34,264,027.80. This represents a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,961 shares of company stock worth $4,039,279 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Stock Down 0.1%

Shares of NYSE:CW opened at $730.37 on Monday. The firm has a market cap of $26.98 billion, a P/E ratio of 53.51, a P/E/G ratio of 3.39 and a beta of 0.86. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 12-month low of $413.35 and a 12-month high of $760.72. The business has a fifty day simple moving average of $709.33 and a 200 day simple moving average of $646.58.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.16. The business had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.Curtiss-Wright’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $2.82 EPS. Analysts predict that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.

Wall Street Analyst Weigh In

CW has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Citigroup increased their price target on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Finally, Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $746.67.

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.