US Bancorp DE Sells 167 Shares of Curtiss-Wright Corporation $CW

US Bancorp DE lowered its position in Curtiss-Wright Corporation (NYSE:CW) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,619 shares of the aerospace company’s stock after selling 167 shares during the quarter. US Bancorp DE’s holdings in Curtiss-Wright were worth $3,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Curtiss-Wright by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock valued at $175,417,000 after purchasing an additional 104,393 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Curtiss-Wright by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company’s stock valued at $110,769,000 after purchasing an additional 5,007 shares in the last quarter. AQR Capital Management LLC lifted its position in Curtiss-Wright by 25.6% during the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock valued at $81,761,000 after purchasing an additional 54,289 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Curtiss-Wright by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company’s stock valued at $79,912,000 after purchasing an additional 14,684 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Curtiss-Wright during the first quarter valued at $70,357,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

NYSE:CW opened at $550.60 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $20.75 billion, a P/E ratio of 46.46, a P/E/G ratio of 3.06 and a beta of 1.14. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $561.49. The business’s 50-day moving average is $506.00 and its 200 day moving average is $447.98.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. The company had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.67 earnings per share. On average, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s payout ratio is currently 8.10%.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CW. Truist Financial lowered their target price on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research report on Friday, July 11th. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Finally, Morgan Stanley boosted their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $492.86.

Curtiss-Wright Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.