Midwest Trust Co Has $22.05 Million Stake in Curtiss-Wright Corporation $CW

Midwest Trust Co trimmed its stake in Curtiss-Wright Corporation (NYSE:CW) by 2.4% in the first quarter, Holdings Channel.com reports. The firm owned 32,378 shares of the aerospace company’s stock after selling 791 shares during the quarter. Midwest Trust Co’s holdings in Curtiss-Wright were worth $22,053,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Street Corp grew its position in Curtiss-Wright by 1.2% during the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after purchasing an additional 16,962 shares in the last quarter. Invesco Ltd. increased its stake in Curtiss-Wright by 7.9% in the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after buying an additional 88,688 shares during the period. Geode Capital Management LLC lifted its position in Curtiss-Wright by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after buying an additional 47,287 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Curtiss-Wright by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock worth $423,519,000 after buying an additional 39,515 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Curtiss-Wright by 9.3% during the 4th quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock valued at $293,972,000 after buying an additional 45,589 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,119 shares of company stock valued at $2,257,998 over the last three months. 0.51% of the stock is currently owned by insiders.

Curtiss-Wright Stock Down 0.6%

CW stock traded down $4.69 during trading hours on Friday, hitting $755.02. The company’s stock had a trading volume of 121,290 shares, compared to its average volume of 294,787. 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 company has a market capitalization of $27.89 billion, a PE ratio of 55.31, a price-to-earnings-growth ratio of 3.47 and a beta of 0.86. Curtiss-Wright Corporation has a 12 month low of $463.00 and a 12 month high of $808.16. The stock has a 50 day moving average price of $745.72 and a two-hundred day moving average price of $694.51.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. Curtiss-Wright’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.82 EPS. On average, equities research analysts expect that Curtiss-Wright Corporation will post 15.18 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s dividend payout ratio is presently 7.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CW shares. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research note on Friday, May 8th. Finally, Citigroup upped their target price on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $749.67.

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.