Curtiss-Wright Corporation $CW Stock Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC cut its holdings in Curtiss-Wright Corporation (NYSE:CW) by 30.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,283 shares of the aerospace company’s stock after selling 1,017 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Curtiss-Wright were worth $1,242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Curtiss-Wright in the 2nd quarter worth $30,000. Quantbot Technologies LP bought a new stake in Curtiss-Wright during the second quarter valued at about $30,000. Fiduciary Financial Advisors bought a new stake in Curtiss-Wright during the second quarter valued at about $31,000. Signature Equity Partners LLC increased its position in Curtiss-Wright by 140.0% in the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after buying an additional 35 shares in the last quarter. Finally, Elevation Wealth Partners LLC raised its stake in shares of Curtiss-Wright by 237.5% in the second quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock worth $41,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In other Curtiss-Wright news, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director owned 1,414 shares of the company’s stock, valued at $843,790.36. The trade was a 6.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John C. Watts sold 1,035 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares in the company, valued at $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CW has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Guggenheim began coverage on shares of Curtiss-Wright in a research report on Monday, September 14th. They issued a “buy” rating and a $786.00 price target for the company. Citigroup reduced their price objective on shares of Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Piper Sandler initiated coverage on shares of Curtiss-Wright in a research note on Wednesday, September 2nd. They set a “neutral” rating and a $665.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $746.88.

Curtiss-Wright Trading Down 0.1%

Curtiss-Wright stock opened at $508.46 on Friday. The stock has a market cap of $18.78 billion, a P/E ratio of 34.99, a PEG ratio of 2.30 and a beta of 0.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. Curtiss-Wright Corporation has a 1 year low of $501.60 and a 1 year high of $808.16. The firm’s 50 day moving average price is $606.69 and its 200-day moving average price is $687.42.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The firm had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. Curtiss-Wright’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.23 earnings per share. On average, equities analysts predict that Curtiss-Wright Corporation will post 15.27 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a $0.26 dividend. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, September 25th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.16%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.

Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.