Curtiss-Wright Corporation $CW Stock Holdings Lowered by Blue Trust Inc.

Blue Trust Inc. trimmed its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 35.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 121 shares of the aerospace company’s stock after selling 66 shares during the quarter. Blue Trust Inc.’s holdings in Curtiss-Wright were worth $59,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its position in shares of Curtiss-Wright by 98.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company’s stock valued at $1,163,000 after purchasing an additional 1,817 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Curtiss-Wright by 100.4% in the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company’s stock worth $362,000 after buying an additional 571 shares during the period. Sowell Financial Services LLC purchased a new position in shares of Curtiss-Wright in the first quarter worth approximately $240,000. Janney Montgomery Scott LLC increased its position in shares of Curtiss-Wright by 37.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company’s stock worth $1,159,000 after acquiring an additional 999 shares in the last quarter. Finally, Mission Wealth Management LP acquired a new stake in shares of Curtiss-Wright during the first quarter valued at approximately $206,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity

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

Curtiss-Wright Trading Down 1.0%

Curtiss-Wright stock opened at $544.71 on Friday. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $575.07. The company’s fifty day moving average price is $510.79 and its two-hundred day moving average price is $452.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The company has a market capitalization of $20.52 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 3.12 and a beta of 1.14.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.10. The business had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.67 EPS. On average, analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.10%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Truist Financial lifted their price target on Curtiss-Wright from $463.00 to $525.00 and gave the company a “hold” rating in a report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Finally, Morgan Stanley upped their target price on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $519.57.

Curtiss-Wright Company 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.