Vanguard Group Inc. Sells 24,390 Shares of Curtiss-Wright Corporation $CW

Vanguard Group Inc. cut its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,597,361 shares of the aerospace company’s stock after selling 24,390 shares during the period. Vanguard Group Inc. owned about 0.10% of Curtiss-Wright worth $1,953,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Curtiss-Wright by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company’s stock worth $100,567,000 after acquiring an additional 7,022 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Curtiss-Wright by 5.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 12,575 shares of the aerospace company’s stock worth $6,827,000 after buying an additional 621 shares during the period. HighTower Advisors LLC increased its holdings in shares of Curtiss-Wright by 44.0% in the 3rd quarter. HighTower Advisors LLC now owns 16,448 shares of the aerospace company’s stock valued at $8,931,000 after acquiring an additional 5,029 shares during the period. Long Island Wealth Management Inc. purchased a new stake in shares of Curtiss-Wright during the 3rd quarter worth $220,000. Finally, Illinois Municipal Retirement Fund grew its stake in Curtiss-Wright by 0.8% in the third quarter. Illinois Municipal Retirement Fund now owns 6,178 shares of the aerospace company’s stock valued at $3,354,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 1.6%

CW opened at $701.62 on Friday. The company has a fifty day moving average of $618.63 and a two-hundred day moving average of $561.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $709.99. The stock has a market capitalization of $25.87 billion, a price-to-earnings ratio of 54.52, a PEG ratio of 3.06 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The company had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the prior year, the firm posted $3.27 EPS. Curtiss-Wright’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is currently 7.46%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Morgan Stanley reissued an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a report on Friday, January 9th. Four equities 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.com, the company has an average rating of “Moderate Buy” and an average target price of $663.17.

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,665 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total value of $1,669,169.45. Following the sale, the chief financial officer owned 7,358 shares in the company, valued at $4,608,536.14. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 9,327 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the transaction, the chief executive officer directly owned 46,192 shares in the company, valued at $28,936,978.40. This represents a 16.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 17,269 shares of company stock valued at $10,797,098. Insiders own 0.55% 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.