Curtiss-Wright Corporation $CW Position Trimmed by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 111,530 shares of the aerospace company’s stock after selling 21,787 shares during the quarter. Curtiss-Wright accounts for about 1.1% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its 15th largest position. Wedge Capital Management L L P NC owned approximately 0.30% of Curtiss-Wright worth $61,483,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Curtiss-Wright during the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter worth $27,000. Larson Financial Group LLC raised its position in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the period. First Horizon Corp acquired a new stake in shares of Curtiss-Wright during the third quarter worth $34,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Curtiss-Wright during the third quarter valued at $43,000. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP Robert F. Freda sold 140 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $678.61, for a total value of $95,005.40. Following the transaction, the vice president owned 5,343 shares in the company, valued at approximately $3,625,813.23. This represents a 2.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP George P. Mcdonald sold 151 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $678.07, for a total transaction of $102,388.57. Following the completion of the sale, the vice president owned 4,210 shares of the company’s stock, valued at approximately $2,854,674.70. The trade was a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 23,112 shares of company stock valued at $14,768,527 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $663.40 on Friday. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 51.55, a P/E/G ratio of 3.24 and a beta of 0.91. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $730.12. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $677.18 and its 200-day simple moving average is $598.70.

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, topping the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The firm had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. During the same period in the prior year, the business earned $3.27 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Analyst Ratings Changes

CW has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. Morgan Stanley reissued an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Finally, Citigroup boosted their price target on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently 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.