Kestra Advisory Services LLC Lowers Stake in Curtiss-Wright Corporation $CW

Kestra Advisory Services LLC lessened its stake in Curtiss-Wright Corporation (NYSE:CW) by 29.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,548 shares of the aerospace company’s stock after selling 1,058 shares during the period. Kestra Advisory Services LLC’s holdings in Curtiss-Wright were worth $1,736,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. grew its position in Curtiss-Wright by 23.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 203,487 shares of the aerospace company’s stock valued at $138,599,000 after buying an additional 38,464 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Curtiss-Wright in the 1st quarter worth $7,215,000. Personal CFO Solutions LLC lifted its stake in shares of Curtiss-Wright by 8.0% in the 1st quarter. Personal CFO Solutions LLC now owns 1,120 shares of the aerospace company’s stock worth $763,000 after acquiring an additional 83 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Curtiss-Wright by 3.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,595 shares of the aerospace company’s stock valued at $5,173,000 after acquiring an additional 221 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in shares of Curtiss-Wright by 21.9% in the first quarter. Montag A & Associates Inc. now owns 407 shares of the aerospace company’s stock valued at $277,000 after acquiring an additional 73 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Trading Up 0.2%

Shares of CW stock opened at $709.51 on Tuesday. The stock has a 50-day simple moving average of $745.82 and a 200 day simple moving average of $702.36. Curtiss-Wright Corporation has a fifty-two week low of $463.00 and a fifty-two week high of $808.16. The stock has a market capitalization of $26.21 billion, a P/E ratio of 51.98, a P/E/G ratio of 3.24 and a beta of 0.86. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. During the same quarter last year, the business posted $2.82 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts expect that Curtiss-Wright Corporation will post 15.23 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a dividend of $0.24 per share. The ex-dividend date was Monday, June 15th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is 7.62%.

Insider Buying and Selling

In other news, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Curtiss-Wright stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the transaction, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock worth $2,257,998 in the last 90 days. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CW shares. Morgan Stanley reissued an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday. Finally, Citigroup upped their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $773.67.

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.