GHP Investment Advisors Inc. Lowers Stock Holdings in Curtiss-Wright Corporation $CW

GHP Investment Advisors Inc. lowered its stake in Curtiss-Wright Corporation (NYSE:CW) by 38.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,764 shares of the aerospace company’s stock after selling 19,956 shares during the period. GHP Investment Advisors Inc.’s holdings in Curtiss-Wright were worth $17,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC grew its stake in shares of Curtiss-Wright by 1.8% in the third quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock worth $554,000 after acquiring an additional 18 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Curtiss-Wright by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock worth $746,000 after purchasing an additional 22 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Curtiss-Wright by 0.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company’s stock valued at $5,840,000 after purchasing an additional 30 shares during the last quarter. Cadinha & Co. LLC increased its stake in Curtiss-Wright by 1.3% during the 3rd quarter. Cadinha & Co. LLC now owns 2,368 shares of the aerospace company’s stock valued at $1,286,000 after purchasing an additional 30 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Curtiss-Wright by 20.3% in the second quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock worth $93,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CW. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a report on Friday, January 9th. Stifel Nicolaus set a $625.00 target price on Curtiss-Wright in a report on Friday. Citigroup boosted their price target on Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Finally, Morgan Stanley restated an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $612.33.

Curtiss-Wright Stock Performance

Shares of CW opened at $649.61 on Friday. The firm has a market capitalization of $23.95 billion, a P/E ratio of 52.94, a PEG ratio of 2.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $669.98. The business has a fifty day moving average of $575.61 and a 200 day moving average of $538.09.

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

Curtiss-Wright Announces Dividend

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

Insider Buying and Selling

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 3,188 shares in the company, valued at approximately $1,912,800. This trade represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 513 shares of company stock worth $302,586 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

About Curtiss-Wright

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.