Curtiss-Wright Corporation $CW Holdings Lessened by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC decreased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 30.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,283 shares of the aerospace company’s stock after selling 1,017 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Curtiss-Wright were worth $1,242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Thornton Wealth Management LLC increased its stake in Curtiss-Wright by 4.9% during the first quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock worth $298,000 after acquiring an additional 19 shares during the last quarter. AIA Group Ltd boosted its holdings in shares of Curtiss-Wright by 0.6% in the 1st quarter. AIA Group Ltd now owns 3,412 shares of the aerospace company’s stock worth $2,324,000 after purchasing an additional 19 shares during the period. Parallel Advisors LLC increased its position in shares of Curtiss-Wright by 10.5% during the 1st quarter. Parallel Advisors LLC now owns 305 shares of the aerospace company’s stock valued at $208,000 after purchasing an additional 29 shares during the last quarter. Private Advisor Group LLC raised its holdings in Curtiss-Wright by 0.7% during the 1st quarter. Private Advisor Group LLC now owns 4,686 shares of the aerospace company’s stock valued at $3,192,000 after buying an additional 31 shares during the period. Finally, Cooper Financial Group raised its holdings in Curtiss-Wright by 9.3% during the 3rd quarter. Cooper Financial Group now owns 376 shares of the aerospace company’s stock valued at $204,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

CW has been the subject of several recent analyst reports. Citigroup dropped their price objective on shares of Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating for the company in a research note on Wednesday. Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Wall Street Zen lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $746.88.

Curtiss-Wright Price Performance

Shares of CW stock opened at $508.46 on Friday. The company has a market capitalization of $18.78 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.30 and a beta of 0.88. The company’s 50-day simple moving average is $606.69 and its two-hundred day simple moving average is $687.42. Curtiss-Wright Corporation has a one year low of $501.60 and a one year high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.10. The firm had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.23 earnings per share. As a group, equities analysts anticipate that Curtiss-Wright Corporation will post 15.27 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.26 per share. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.04 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio is presently 7.16%.

Insiders Place Their Bets

In other news, Director Larry D. Wyche sold 100 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the transaction, the director owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John C. Watts sold 1,035 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares in the company, valued at approximately $1,694,842.56. This represents a 27.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.51% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.

Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.