Curtiss-Wright Co. (NYSE:CW) Shares Sold by Tectonic Advisors LLC

Tectonic Advisors LLC trimmed its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 15.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,327 shares of the aerospace company’s stock after selling 250 shares during the period. Tectonic Advisors LLC’s holdings in Curtiss-Wright were worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its holdings in Curtiss-Wright by 18.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,152 shares of the aerospace company’s stock valued at $1,036,000 after purchasing an additional 491 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after purchasing an additional 403,701 shares in the last quarter. Greenleaf Trust purchased a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $221,000. Signaturefd LLC grew its stake in Curtiss-Wright by 7.8% during the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after buying an additional 29 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Curtiss-Wright by 26.2% during the third quarter. Sequoia Financial Advisors LLC now owns 8,166 shares of the aerospace company’s stock worth $2,684,000 after buying an additional 1,697 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CW. Truist Financial raised their target price on shares of Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. Stifel Nicolaus raised their price target on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird upped their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $326.75.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $345.74 on Friday. The business has a 50 day moving average price of $325.23 and a 200 day moving average price of $291.52. The company has a market capitalization of $13.24 billion, a P/E ratio of 35.61 and a beta of 1.18. Curtiss-Wright Co. has a 1-year low of $194.46 and a 1-year high of $367.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. During the same quarter last year, the business posted $2.15 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts expect that Curtiss-Wright Co. will post 10.56 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Curtiss-Wright 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.