Curtiss-Wright Corporation $CW Shares Sold by MGO One Seven LLC

MGO One Seven LLC lowered its stake in Curtiss-Wright Corporation (NYSE:CW) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 787 shares of the aerospace company’s stock after selling 35 shares during the quarter. MGO One Seven LLC’s holdings in Curtiss-Wright were worth $384,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Robeco Institutional Asset Management B.V. lifted its holdings in Curtiss-Wright by 0.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company’s stock worth $2,188,000 after purchasing an additional 37 shares during the period. Alliance Wealth Advisors LLC UT lifted its holdings in Curtiss-Wright by 1.0% in the first quarter. Alliance Wealth Advisors LLC UT now owns 4,505 shares of the aerospace company’s stock worth $1,429,000 after purchasing an additional 43 shares during the period. Signaturefd LLC lifted its holdings in Curtiss-Wright by 10.3% in the first quarter. Signaturefd LLC now owns 473 shares of the aerospace company’s stock worth $150,000 after purchasing an additional 44 shares during the period. WCM Investment Management LLC lifted its holdings in Curtiss-Wright by 0.8% in the first quarter. WCM Investment Management LLC now owns 5,561 shares of the aerospace company’s stock worth $1,762,000 after purchasing an additional 45 shares during the period. Finally, Greenleaf Trust lifted its holdings in Curtiss-Wright by 6.8% in the first quarter. Greenleaf Trust now owns 736 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Truist Financial boosted their price target on shares of Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research report on Wednesday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $519.57.

Insider Transactions at Curtiss-Wright

In other 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 transaction, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

NYSE CW opened at $544.71 on Friday. The stock’s 50-day moving average price is $510.79 and its two-hundred day moving average price is $453.49. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The company has a market cap of $20.52 billion, a PE ratio of 45.97, a PEG ratio of 3.09 and a beta of 1.14. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $575.07.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.10. The firm had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.67 EPS. On average, analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s 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.