Frontier Capital Management Co. LLC Sells 69 Shares of Curtiss-Wright Co. (NYSE:CW)

Frontier Capital Management Co. LLC reduced its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,853 shares of the aerospace company’s stock after selling 69 shares during the period. Frontier Capital Management Co. LLC’s holdings in Curtiss-Wright were worth $9,174,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CW. YANKCOM Partnership purchased a new stake in Curtiss-Wright in the fourth quarter worth $31,000. Ancora Advisors LLC purchased a new stake in Curtiss-Wright in the 4th quarter worth about $49,000. Wilmington Savings Fund Society FSB bought a new stake in Curtiss-Wright in the 3rd quarter valued at about $53,000. UMB Bank n.a. lifted its holdings in Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 64 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in shares of Curtiss-Wright in the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $384.24 on Friday. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 2.48 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $326.48 and a 200 day simple moving average of $345.29. Curtiss-Wright Co. has a 52 week low of $258.85 and a 52 week high of $393.40.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The company had revenue of $805.65 million for the quarter, compared to analysts’ expectations of $767.32 million. During the same period in the prior year, the business earned $1.99 earnings per share. Curtiss-Wright’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares in the company, valued at $3,238,550. This trade represents a 34.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul J. Ferdenzi sold 658 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total transaction of $214,297.44. Following the completion of the sale, the insider now owns 19,239 shares of the company’s stock, valued at approximately $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,642 shares of company stock valued at $3,581,107. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

CW has been the subject of several analyst reports. Citigroup cut their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Truist Financial reduced their price target on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus dropped their price objective on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $377.43.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.