Curtiss-Wright Corporation $CW Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its holdings in Curtiss-Wright Corporation (NYSE:CW) by 24.7% in the fourth quarter, HoldingsChannel reports. The firm owned 30,641 shares of the aerospace company’s stock after selling 10,042 shares during the quarter. Systematic Financial Management LP’s holdings in Curtiss-Wright were worth $16,892,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new position in shares of Curtiss-Wright in the third quarter valued at approximately $26,000. Larson Financial Group LLC grew its holdings in shares of 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 in the last quarter. Elyxium Wealth LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $43,000. Sunbelt Securities Inc. acquired a new position in shares of Curtiss-Wright in the third quarter valued at approximately $43,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 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, February 17th. Morgan Stanley reiterated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $746.67.

Curtiss-Wright Stock Up 0.5%

Shares of Curtiss-Wright stock opened at $730.37 on Friday. Curtiss-Wright Corporation has a 52-week low of $413.35 and a 52-week high of $760.72. The company has a 50 day moving average of $709.33 and a 200 day moving average of $646.26. 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 company has a market capitalization of $26.98 billion, a P/E ratio of 53.51, a P/E/G ratio of 3.39 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. The company had revenue of $913.69 million during 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 quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 earnings per share. As a group, research analysts forecast that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is currently 7.03%.

Insider Buying and Selling at Curtiss-Wright

In other news, COO Kevin Rayment sold 907 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the sale, the chief operating officer owned 31,493 shares in the company, valued at approximately $21,332,728.34. The trade was a 2.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP George P. Mcdonald sold 151 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $678.07, for a total transaction of $102,388.57. Following the sale, the vice president owned 4,210 shares of the company’s stock, valued at $2,854,674.70. This represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 5,961 shares of company stock worth $4,039,279. 0.51% of the stock is owned by insiders.

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.