Townsquare Capital LLC Cuts Holdings in Curtiss-Wright Corporation $CW

Townsquare Capital LLC lessened its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 68.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 551 shares of the aerospace company’s stock after selling 1,222 shares during the period. Townsquare Capital LLC’s holdings in Curtiss-Wright were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Edmond DE Rothschild Holding S.A. lifted its position in Curtiss-Wright by 108.0% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock worth $1,141,000 after acquiring an additional 1,213 shares in the last quarter. Inscription Capital LLC lifted its position in shares of Curtiss-Wright by 248.3% during the third quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company’s stock worth $1,386,000 after purchasing an additional 1,820 shares in the last quarter. Creative Planning lifted its position in shares of Curtiss-Wright by 30.4% during the second quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after purchasing an additional 1,300 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Curtiss-Wright by 914.7% in the second quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock valued at $10,103,000 after purchasing an additional 18,641 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in Curtiss-Wright by 17.8% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,759 shares of the aerospace company’s stock valued at $3,127,000 after purchasing an additional 870 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Trading Down 1.2%

Shares of NYSE CW opened at $656.15 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $587.48 and its two-hundred day moving average price is $544.75. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $673.19. The stock has a market capitalization of $24.20 billion, a P/E ratio of 53.48, a PEG ratio of 3.03 and a beta of 0.95.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million during the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 EPS. On average, analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is 7.82%.

Insider Buying and Selling at Curtiss-Wright

In other news, EVP John C. Watts sold 288 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $600.00, for a total value of $172,800.00. Following the transaction, the executive vice president directly owned 3,188 shares in the company, valued at approximately $1,912,800. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 513 shares of company stock worth $302,586 over the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Stifel Nicolaus set a $625.00 price objective on Curtiss-Wright in a research note on Friday, January 23rd. Citigroup lifted their price objective on Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Morgan Stanley reiterated an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $612.33.

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.