LaFleur & Godfrey LLC Has $11.39 Million Holdings in Curtiss-Wright Corporation $CW

LaFleur & Godfrey LLC decreased its stake in Curtiss-Wright Corporation (NYSE:CW) by 6.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,972 shares of the aerospace company’s stock after selling 1,372 shares during the period. Curtiss-Wright accounts for approximately 1.4% of LaFleur & Godfrey LLC’s holdings, making the stock its 24th largest position. LaFleur & Godfrey LLC’s holdings in Curtiss-Wright were worth $11,387,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth about $2,781,000. Edmond DE Rothschild Holding S.A. grew its stake in Curtiss-Wright by 108.0% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock worth $1,141,000 after buying an additional 1,213 shares during the last quarter. Inscription Capital LLC increased its holdings in shares of Curtiss-Wright by 248.3% during the third quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company’s stock worth $1,386,000 after buying an additional 1,820 shares in the last quarter. Creative Planning raised its stake in shares of Curtiss-Wright by 30.4% in the second quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock valued at $2,722,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Curtiss-Wright by 914.7% in the 2nd quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock worth $10,103,000 after acquiring an additional 18,641 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 9,327 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the transaction, the chief executive officer owned 46,192 shares of the company’s stock, valued at $28,936,978.40. This trade represents a 16.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John C. Watts sold 652 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 17,269 shares of company stock valued at $10,797,098. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Up 0.7%

CW opened at $707.72 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The company has a market cap of $26.09 billion, a price-to-earnings ratio of 54.99, a price-to-earnings-growth ratio of 3.45 and a beta of 0.92. The firm has a 50 day simple moving average of $621.89 and a 200 day simple moving average of $563.82. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $714.95.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. The firm had revenue of $946.98 million for the quarter, compared to analysts’ expectations of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $3.27 earnings per share. On average, sell-side analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CW. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research report on Friday, January 9th. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus price target of $663.17.

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.