Curtiss-Wright Corporation $CW Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its holdings in Curtiss-Wright Corporation (NYSE:CW) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,831 shares of the aerospace company’s stock after selling 10,796 shares during the quarter. Legal & General Group Plc’s holdings in Curtiss-Wright were worth $37,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright in the third quarter valued at $26,000. Larson Financial Group LLC increased its stake in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth about $43,000. Sunbelt Securities Inc. acquired a new stake in Curtiss-Wright during the third quarter worth about $43,000. Finally, V Square Quantitative Management LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth about $45,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the sale, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO K Christopher Farkas sold 918 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total value of $621,908.28. Following the completion of the sale, the chief financial officer owned 5,518 shares in the company, valued at approximately $3,738,224.28. This represents a 14.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 6,181 shares of company stock worth $4,204,919. 0.51% of the stock is currently owned by insiders.

Curtiss-Wright Trading Up 0.0%

NYSE:CW opened at $747.99 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $715.99 and its two-hundred day moving average is $651.82. Curtiss-Wright Corporation has a 52 week low of $435.35 and a 52 week high of $760.72. The company has a market cap of $27.63 billion, a PE ratio of 54.80, a P/E/G ratio of 3.47 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.16. The business had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $2.82 EPS. On average, analysts predict that Curtiss-Wright Corporation will post 15.15 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Citigroup increased their target price on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $746.67.

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.