Curtiss-Wright Corporation $CW Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Curtiss-Wright Corporation (NYSE:CW) by 16.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,105 shares of the aerospace company’s stock after selling 2,050 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Curtiss-Wright were worth $6,883,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright in the 4th quarter valued at approximately $31,000. Signature Equity Partners LLC grew its position in Curtiss-Wright by 140.0% during the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 35 shares during the last quarter. Larson Financial Group LLC grew 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 purchasing an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Curtiss-Wright during the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Down 6.7%

CW stock opened at $680.12 on Thursday. The company has a market capitalization of $25.12 billion, a P/E ratio of 49.83, a price-to-earnings-growth ratio of 3.34 and a beta of 0.86. Curtiss-Wright Corporation has a 12 month low of $464.91 and a 12 month high of $808.16. The firm’s fifty day simple moving average is $746.08 and its 200-day simple moving average is $710.03. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05.

Curtiss-Wright (NYSE:CW) last issued 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 firm had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.82 earnings per share. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 15.22 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.62%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CW. Citigroup raised 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. Stifel Nicolaus upped their target price on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Morgan Stanley restated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $773.67.

Insider Buying and Selling at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value 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. The trade was a 5.26% decrease in their position. 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 company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the sale, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,119 shares of company stock worth $2,257,998. Insiders own 0.51% of the company’s stock.

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.