HighTower Advisors LLC Sells 871 Shares of Curtiss-Wright Corporation $CW

HighTower Advisors LLC lessened its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 5.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,577 shares of the aerospace company’s stock after selling 871 shares during the period. HighTower Advisors LLC’s holdings in Curtiss-Wright were worth $8,587,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new position in Curtiss-Wright during the third quarter worth about $26,000. Larson Financial Group LLC boosted its position in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the period. Elyxium Wealth LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $43,000. Sunbelt Securities Inc. bought a new position in Curtiss-Wright during the third quarter worth about $43,000. Finally, V Square Quantitative Management LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $45,000. Institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CW shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Citigroup increased their target price on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Morgan Stanley reiterated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Finally, Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $746.67.

Curtiss-Wright Trading Up 2.7%

Shares of Curtiss-Wright stock opened at $751.14 on Wednesday. Curtiss-Wright Corporation has a 12-month low of $433.12 and a 12-month high of $760.72. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 55.03, a PEG ratio of 3.39 and a beta of 0.86. 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 company’s 50-day moving average price is $712.26 and its 200-day moving average price is $648.77.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. During the same period in the prior year, the firm posted $2.82 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts expect that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Insider Transactions at Curtiss-Wright

In other news, COO Kevin Rayment sold 907 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total value of $614,383.66. Following the sale, the chief operating officer directly owned 31,493 shares of the company’s stock, valued at approximately $21,332,728.34. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Gary A. Ogilby sold 252 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total transaction of $173,663.28. Following the completion of the sale, the vice president directly owned 2,571 shares in the company, valued at $1,771,778.94. This represents a 8.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 5,961 shares of company stock valued at $4,039,279. Company insiders own 0.51% of the company’s stock.

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.