Rice Hall James & Associates LLC Decreases Stock Position in Curtiss-Wright Corporation $CW

Rice Hall James & Associates LLC trimmed its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 26.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,300 shares of the aerospace company’s stock after selling 846 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Curtiss-Wright were worth $1,268,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Curtiss-Wright during the 4th quarter valued at about $31,000. Larson Financial Group LLC raised its position in shares of Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in shares of Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after buying an additional 15 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of Curtiss-Wright during the 4th quarter valued at about $43,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Curtiss-Wright during the 3rd quarter valued at about $43,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $764.74 on Wednesday. The company has a market capitalization of $28.25 billion, a price-to-earnings ratio of 56.02, a PEG ratio of 3.54 and a beta of 0.85. Curtiss-Wright Corporation has a 12 month low of $458.74 and a 12 month high of $779.70. The firm’s 50-day moving average is $729.66 and its 200 day moving average is $668.14. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.

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

Curtiss-Wright Dividend Announcement

The company 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 dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s dividend payout ratio is presently 7.62%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CW shares. Citigroup upped their target price on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $746.67.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the transaction, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the transaction, the executive vice president owned 3,962 shares in the company, valued at $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 3,119 shares of company stock worth $2,257,998. Insiders own 0.51% of the company’s stock.

Curtiss-Wright 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.