Curtiss-Wright Corporation $CW Shares Sold by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC cut its stake in Curtiss-Wright Corporation (NYSE:CW) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,944 shares of the aerospace company’s stock after selling 248 shares during the period. Curtiss-Wright accounts for 2.3% of Bourgeon Capital Management LLC’s holdings, making the stock its 17th biggest holding. Bourgeon Capital Management LLC’s holdings in Curtiss-Wright were worth $11,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in Curtiss-Wright by 23.3% in the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock worth $175,417,000 after buying an additional 104,393 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Curtiss-Wright by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company’s stock valued at $110,769,000 after purchasing an additional 5,007 shares during the period. AQR Capital Management LLC increased its holdings in shares of Curtiss-Wright by 25.6% during the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock valued at $81,761,000 after purchasing an additional 54,289 shares during the period. GAMMA Investing LLC increased its holdings in shares of Curtiss-Wright by 44,878.7% during the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company’s stock valued at $82,340,000 after purchasing an additional 258,950 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Curtiss-Wright by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company’s stock valued at $79,912,000 after purchasing an additional 14,684 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial lowered their price target on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a report on Friday, July 11th. Morgan Stanley raised their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Stifel Nicolaus raised their price target on Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a report on Friday, August 8th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Citigroup raised their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $468.14.

Curtiss-Wright Trading Up 0.9%

Shares of CW stock opened at $531.00 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $538.37. The stock has a market capitalization of $20.01 billion, a P/E ratio of 44.81, a P/E/G ratio of 3.22 and a beta of 1.15. The stock has a 50-day simple moving average of $494.30 and a 200 day simple moving average of $432.77.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business had revenue of $876.58 million during the quarter, compared to analyst estimates of $855.10 million. During the same quarter last year, the company posted $2.67 EPS. Curtiss-Wright’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts expect 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 Friday, October 10th. Investors of record on Friday, September 26th will be given a $0.24 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.10%.

Curtiss-Wright 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.