Marks Group Wealth Management Inc Sells 1,333 Shares of Curtiss-Wright Corporation $CW

Marks Group Wealth Management Inc trimmed its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 5.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,579 shares of the aerospace company’s stock after selling 1,333 shares during the quarter. Curtiss-Wright accounts for 1.1% of Marks Group Wealth Management Inc’s portfolio, making the stock its 15th largest holding. Marks Group Wealth Management Inc’s holdings in Curtiss-Wright were worth $11,716,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CW. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright during the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $27,000. Penserra Capital Management LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth about $29,000. First Horizon Corp acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth about $34,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Curtiss-Wright by 53.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 35 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Trading Up 0.7%

CW opened at $707.72 on Monday. The firm’s fifty day moving average is $621.89 and its two-hundred day moving average is $563.82. The firm has a market cap of $26.09 billion, a PE ratio of 54.99, a price-to-earnings-growth ratio of 3.45 and a beta of 0.92. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $714.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same period in the prior year, the business earned $3.27 EPS. Curtiss-Wright’s revenue for the quarter was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is currently 7.46%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CW. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Stifel Nicolaus increased their target price on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Morgan Stanley restated an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $663.17.

Insider Activity at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 625 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $624.32, for a total transaction of $390,200.00. Following the completion of the transaction, the vice president directly owned 2,571 shares of the company’s stock, valued at approximately $1,605,126.72. This represents a 19.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John C. Watts sold 652 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total value of $407,871.64. Following the completion of the sale, the executive vice president directly owned 3,890 shares of the company’s stock, valued at approximately $2,433,467.30. The trade was a 14.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 17,269 shares of company stock worth $10,797,098. Corporate insiders own 0.55% of the company’s stock.

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.