Curtiss-Wright Corporation $CW Shares Sold by Midwest Trust Co

Midwest Trust Co trimmed its stake in Curtiss-Wright Corporation (NYSE:CW) by 26.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 35,226 shares of the aerospace company’s stock after selling 12,482 shares during the quarter. Midwest Trust Co’s holdings in Curtiss-Wright were worth $19,126,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Johnson Investment Counsel Inc. bought a new stake in Curtiss-Wright in the 3rd quarter valued at about $117,000. Linden Thomas Advisory Services LLC increased its stake in shares of Curtiss-Wright by 4.2% in the third quarter. Linden Thomas Advisory Services LLC now owns 3,495 shares of the aerospace company’s stock valued at $1,898,000 after purchasing an additional 141 shares during the period. Candriam S.C.A. raised its holdings in shares of Curtiss-Wright by 202.6% during the third quarter. Candriam S.C.A. now owns 4,478 shares of the aerospace company’s stock valued at $2,431,000 after buying an additional 2,998 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Curtiss-Wright by 92.4% during the third quarter. Smartleaf Asset Management LLC now owns 302 shares of the aerospace company’s stock worth $160,000 after buying an additional 145 shares during the period. Finally, Axim Planning & Wealth bought a new position in Curtiss-Wright in the 3rd quarter worth approximately $260,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $653.48 on Tuesday. The company has a 50-day moving average of $598.39 and a 200-day moving average of $552.23. The firm has a market cap of $24.10 billion, a price-to-earnings ratio of 53.26, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $683.09.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be given a $0.24 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s payout ratio is 7.82%.

Insider Buying and Selling

In other news, CEO Lynn M. Bamford sold 9,327 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the sale, the chief executive officer owned 46,192 shares in the company, valued at approximately $28,936,978.40. This represents a 16.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kevin Rayment sold 2,634 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the sale, the chief operating officer directly owned 29,896 shares of the company’s stock, valued at approximately $18,724,761.68. This represents a 8.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,269 shares of company stock valued at $10,797,098 in the last three months. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CW shares. Stifel Nicolaus set a $625.00 target price on Curtiss-Wright in a research note on Friday, January 23rd. Citigroup upped their price objective on shares of Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research note on Friday, January 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $612.33.

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.