Curtiss-Wright Corporation $CW Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its holdings in Curtiss-Wright Corporation (NYSE:CW) by 2.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,950 shares of the aerospace company’s stock after selling 120 shares during the period. Allianz Asset Management GmbH’s holdings in Curtiss-Wright were worth $2,907,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. 1 North Wealth Services LLC purchased a new stake in Curtiss-Wright in the first quarter valued at $32,000. Private Trust Co. NA boosted its holdings in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 138 shares during the last quarter. West Oak Capital LLC purchased a new stake in Curtiss-Wright in the second quarter valued at $49,000. Tsfg LLC boosted its holdings in Curtiss-Wright by 112.7% in the first quarter. Tsfg LLC now owns 217 shares of the aerospace company’s stock valued at $69,000 after purchasing an additional 115 shares during the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in Curtiss-Wright in the first quarter valued at $69,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CW shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Morgan Stanley upped their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research note on Monday. Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Truist Financial increased their target price on shares of Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $526.00.

Curtiss-Wright Stock Up 2.2%

CW opened at $571.01 on Friday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $575.07. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $517.05 and a 200 day moving average price of $461.50. The company has a market cap of $21.51 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 3.17 and a beta of 1.14.

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, topping the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same quarter in the prior year, the firm earned $2.67 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.24 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio is presently 8.10%.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

About Curtiss-Wright

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.