Linden Thomas Advisory Services LLC Sells 1,237 Shares of Curtiss-Wright Corporation $CW

Linden Thomas Advisory Services LLC trimmed its stake in Curtiss-Wright Corporation (NYSE:CW) by 26.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,354 shares of the aerospace company’s stock after selling 1,237 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Curtiss-Wright were worth $1,639,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CW. 1 North Wealth Services LLC bought a new position in shares of Curtiss-Wright in the 1st quarter worth $32,000. Private Trust Co. NA increased its position in Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after buying an additional 138 shares in the last quarter. West Oak Capital LLC acquired a new position in Curtiss-Wright during the 2nd quarter valued at about $49,000. Tsfg LLC increased its position in Curtiss-Wright by 112.7% during the 1st quarter. Tsfg LLC now owns 217 shares of the aerospace company’s stock valued at $69,000 after buying an additional 115 shares in the last quarter. Finally, Flaharty Asset Management LLC acquired a new position in Curtiss-Wright during the 1st quarter valued at about $69,000. 82.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CW shares. Truist Financial upped their target price on Curtiss-Wright from $463.00 to $525.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Stifel Nicolaus upped their target price on Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $526.00.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the company’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 completion of the transaction, the vice president owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by insiders.

Curtiss-Wright Stock Up 2.2%

Shares of CW opened at $571.01 on Friday. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $575.07. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $21.52 billion, a price-to-earnings ratio of 48.19, a PEG ratio of 3.24 and a beta of 1.14. The stock’s 50-day moving average price is $517.05 and its 200-day moving average price is $462.67.

Curtiss-Wright (NYSE:CW) last issued 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. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. During the same quarter in the prior year, the business earned $2.67 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

About Curtiss-Wright

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.