Olympiad Research LP Sells 935 Shares of Curtiss-Wright Corporation $CW

Olympiad Research LP reduced its position in Curtiss-Wright Corporation (NYSE:CW) by 69.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 412 shares of the aerospace company’s stock after selling 935 shares during the quarter. Olympiad Research LP’s holdings in Curtiss-Wright were worth $201,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Donoghue Forlines LLC bought a new stake in Curtiss-Wright during the second quarter valued at $2,799,000. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Curtiss-Wright in the second quarter worth approximately $933,000. Candriam S.C.A. acquired a new position in Curtiss-Wright in the second quarter valued at approximately $723,000. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Curtiss-Wright by 3.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 14,346 shares of the aerospace company’s stock worth $7,009,000 after buying an additional 536 shares in the last quarter. Finally, denkapparat Operations GmbH bought a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $268,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Price Performance

CW opened at $550.67 on Friday. The firm has a 50-day moving average price of $546.80 and a 200-day moving average price of $489.56. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $612.28. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $20.31 billion, a price-to-earnings ratio of 46.47, a PEG ratio of 3.41 and a beta of 1.12.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. During the same period last year, the firm earned $2.89 EPS. Curtiss-Wright’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities analysts expect 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. Investors of record on Friday, September 26th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s payout ratio is presently 7.82%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CW shares. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley boosted their price objective on Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Finally, Truist Financial lifted their target price on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $562.83.

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.