Hudson Edge Investment Partners Inc. Sells 1,290 Shares of Curtiss-Wright Corporation $CW

Hudson Edge Investment Partners Inc. lowered its position in Curtiss-Wright Corporation (NYSE:CW) by 59.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 889 shares of the aerospace company’s stock after selling 1,290 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Curtiss-Wright were worth $483,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc boosted its holdings in Curtiss-Wright by 14.4% during the 2nd quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock worth $385,651,000 after acquiring an additional 99,643 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Curtiss-Wright by 31.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock valued at $395,665,000 after buying an additional 174,592 shares during the period. Norges Bank bought a new stake in shares of Curtiss-Wright during the second quarter valued at about $241,537,000. AQR Capital Management LLC boosted its holdings in Curtiss-Wright by 45.8% in the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after purchasing an additional 122,048 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Curtiss-Wright by 1.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock worth $166,713,000 after buying an additional 6,261 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of Curtiss-Wright stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $600.00, for a total value of $172,800.00. Following the completion of the transaction, the executive vice president owned 3,188 shares of the company’s stock, valued at approximately $1,912,800. The trade was a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 513 shares of company stock valued at $302,586 over the last three months. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Citigroup upped their price target on shares of Curtiss-Wright from $607.00 to $661.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Morgan Stanley reiterated an “overweight” rating and issued a $660.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Truist Financial set a $603.00 target price on Curtiss-Wright in a research report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $605.50.

Curtiss-Wright Stock Performance

CW stock opened at $663.07 on Thursday. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of 54.04, a PEG ratio of 2.96 and a beta of 0.95. The business’s fifty day simple moving average is $571.42 and its two-hundred day simple moving average is $536.16. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $669.98. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.28 by $0.12. The business had revenue of $869.00 million during the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.89 EPS. Analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

Curtiss-Wright 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.