Fiera Capital Corp Sells 1,900 Shares of Curtiss-Wright Corporation $CW

Fiera Capital Corp decreased its position in Curtiss-Wright Corporation (NYSE:CW) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 156,044 shares of the aerospace company’s stock after selling 1,900 shares during the period. Fiera Capital Corp’s holdings in Curtiss-Wright were worth $76,235,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CW. Penserra Capital Management LLC acquired a new position in Curtiss-Wright in the second quarter valued at about $29,000. 1 North Wealth Services LLC bought a new position in shares of Curtiss-Wright during the 1st quarter valued at about $32,000. West Oak Capital LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at approximately $49,000. Allworth Financial LP increased its stake in Curtiss-Wright by 155.8% during the 2nd quarter. Allworth Financial LP now owns 110 shares of the aerospace company’s stock worth $54,000 after purchasing an additional 67 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Curtiss-Wright by 1,540.0% during the 2nd quarter. True Wealth Design LLC now owns 164 shares of the aerospace company’s stock worth $80,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were 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 directly owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on CW shares. Truist Financial upped their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a report on Friday, November 7th. Morgan Stanley upped their target price on shares of Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Stifel Nicolaus boosted their price target on Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a report on Monday, October 20th. Finally, Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $562.83.

Curtiss-Wright Stock Up 0.4%

Shares of CW stock opened at $577.36 on Thursday. The firm’s fifty day moving average price is $544.12 and its two-hundred day moving average price is $487.68. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28. The firm has a market capitalization of $21.29 billion, a P/E ratio of 48.72, a PEG ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, November 5th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business had revenue of $869.00 million for the quarter, compared to the consensus estimate of $869.03 million. During the same quarter in the previous year, the business earned $2.89 earnings per share. Curtiss-Wright’s quarterly revenue was up 8.8% on a year-over-year basis. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. On average, equities analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.24 per share. 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 currently 7.82%.

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.