New Age Alpha Advisors LLC Cuts Position in Curtiss-Wright Corporation $CW

New Age Alpha Advisors LLC decreased its stake in Curtiss-Wright Corporation (NYSE:CW) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,264 shares of the aerospace company’s stock after selling 1,058 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Curtiss-Wright were worth $3,453,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Swedbank AB increased its position in shares of Curtiss-Wright by 21,101.8% during the 4th quarter. Swedbank AB now owns 93,500 shares of the aerospace company’s stock valued at $51,544,000 after purchasing an additional 93,059 shares during the last quarter. Catalyst Funds Management Pty Ltd increased its position in shares of Curtiss-Wright by 72.8% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 7,432 shares of the aerospace company’s stock valued at $4,097,000 after purchasing an additional 3,132 shares during the last quarter. Lisanti Capital Growth LLC increased its position in shares of Curtiss-Wright by 0.7% during the 4th quarter. Lisanti Capital Growth LLC now owns 2,845 shares of the aerospace company’s stock valued at $1,568,000 after purchasing an additional 20 shares during the last quarter. MQS Management LLC bought a new position in shares of Curtiss-Wright during the 4th quarter valued at approximately $479,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Curtiss-Wright by 14.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 681 shares of the aerospace company’s stock valued at $375,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, COO Kevin Rayment sold 907 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was 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 in the company, valued at $21,332,728.34. The trade was a 2.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 3,225 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total value of $2,182,357.50. Following the completion of the sale, the chief executive officer owned 50,634 shares of the company’s stock, valued at $34,264,027.80. This represents a 5.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,961 shares of company stock worth $4,039,279 over the last quarter. 0.51% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CW has been the topic of several analyst reports. Citigroup boosted their target price on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $746.67.

Curtiss-Wright Price Performance

CW opened at $730.37 on Tuesday. The business has a fifty day moving average of $710.33 and a 200 day moving average of $647.59. Curtiss-Wright Corporation has a 52-week low of $413.35 and a 52-week high of $760.72. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The stock has a market cap of $26.98 billion, a P/E ratio of 53.51, a PEG ratio of 3.39 and a beta of 0.86.

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

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s payout ratio is presently 7.03%.

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.