NewEdge Advisors LLC Sells 1,277 Shares of Curtiss-Wright Corporation $CW

NewEdge Advisors LLC reduced its stake in Curtiss-Wright Corporation (NYSE:CW) by 52.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,146 shares of the aerospace company’s stock after selling 1,277 shares during the quarter. NewEdge Advisors LLC’s holdings in Curtiss-Wright were worth $781,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its position in shares of Curtiss-Wright by 75.8% during the fourth quarter. CWM LLC now owns 18,425 shares of the aerospace company’s stock worth $10,157,000 after buying an additional 7,944 shares during the period. Pacer Advisors Inc. lifted its holdings in Curtiss-Wright by 114.8% in the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after buying an additional 5,749 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Curtiss-Wright in the fourth quarter valued at $1,104,000. Northwestern Mutual Wealth Management Co. boosted its position in Curtiss-Wright by 39,282.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock valued at $35,605,000 after acquiring an additional 64,423 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Curtiss-Wright by 5,993.0% during the fourth quarter. M&T Bank Corp now owns 77,868 shares of the aerospace company’s stock valued at $42,926,000 after acquiring an additional 76,590 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 approximately $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the sale, the executive vice president owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This represents a 5.26% 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. In the last three months, insiders have sold 3,119 shares of company stock valued at $2,257,998. 0.51% of the stock is owned by company insiders.

Curtiss-Wright Trading Up 0.2%

NYSE:CW opened at $725.11 on Monday. Curtiss-Wright Corporation has a 12 month low of $464.91 and a 12 month high of $808.16. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $26.79 billion, a price-to-earnings ratio of 53.12, a PEG ratio of 3.32 and a beta of 0.87. The firm has a fifty day simple moving average of $745.76 and a two-hundred day simple moving average of $711.52.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.16. The firm 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%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 earnings per share. Analysts expect that Curtiss-Wright Corporation will post 15.22 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have weighed in on CW shares. Stifel Nicolaus increased their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Citigroup upped their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Morgan Stanley reiterated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. Finally, Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $773.67.

Curtiss-Wright Company Profile

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.