Curtiss-Wright Corporation $CW Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its stake in Curtiss-Wright Corporation (NYSE:CW) by 43.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,014 shares of the aerospace company’s stock after selling 9,368 shares during the period. Intech Investment Management LLC’s holdings in Curtiss-Wright were worth $6,623,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth about $31,000. Larson Financial Group LLC raised its stake in 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 acquiring an additional 21 shares during the period. Elyxium Wealth LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth about $43,000. Finally, Sunbelt Securities Inc. acquired a new stake in Curtiss-Wright during the third quarter worth about $43,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $747.99 on Friday. The firm’s 50 day moving average is $715.99 and its two-hundred day moving average is $651.82. Curtiss-Wright Corporation has a 52 week low of $435.35 and a 52 week high of $760.72. The firm has a market capitalization of $27.63 billion, a P/E ratio of 54.80, a PEG ratio of 3.47 and a beta of 0.86. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same quarter last year, the business earned $2.82 earnings per share. Curtiss-Wright’s revenue was up 13.4% compared to the same quarter last year. Analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a $0.24 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.03%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a research note on Friday, February 13th. Three research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $746.67.

Insiders Place Their Bets

In other news, EVP John C. Watts sold 220 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kevin Rayment sold 907 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the transaction, the chief operating officer owned 31,493 shares of the company’s stock, valued at $21,332,728.34. This trade represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,181 shares of company stock valued at $4,204,919. 0.51% of the stock is currently owned by 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.