Curtiss-Wright Corporation $CW Holdings Reduced by Ethic Inc.

Ethic Inc. decreased its position in Curtiss-Wright Corporation (NYSE:CW) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,524 shares of the aerospace company’s stock after selling 626 shares during the period. Ethic Inc.’s holdings in Curtiss-Wright were worth $3,669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CW. GAMMA Investing LLC grew its position in Curtiss-Wright by 41.8% in the 1st quarter. GAMMA Investing LLC now owns 818 shares of the aerospace company’s stock worth $260,000 after purchasing an additional 241 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Curtiss-Wright by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,928 shares of the aerospace company’s stock worth $2,198,000 after purchasing an additional 575 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Curtiss-Wright by 37.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company’s stock worth $1,159,000 after purchasing an additional 999 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in 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 worth $1,163,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in Curtiss-Wright in the 1st quarter worth about $320,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 4.2%

NYSE CW opened at $559.09 on Friday. 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’s 50 day simple moving average is $515.38 and its 200 day simple moving average is $459.57. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $575.07. The company has a market capitalization of $21.07 billion, a P/E ratio of 47.18, a PEG ratio of 3.04 and a beta of 1.14.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. During the same period in the previous year, the firm earned $2.67 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s payout ratio is presently 8.10%.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on CW shares. Truist Financial upped their target price on shares of Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Citigroup boosted their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $526.00.

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.