Fullcircle Wealth LLC Sells 147 Shares of Curtiss-Wright Corporation $CW

Fullcircle Wealth LLC lessened its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 20.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 568 shares of the aerospace company’s stock after selling 147 shares during the quarter. Fullcircle Wealth LLC’s holdings in Curtiss-Wright were worth $282,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. 1 North Wealth Services LLC bought a new stake in Curtiss-Wright during the first quarter valued at about $32,000. Private Trust Co. NA boosted its position in Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 138 shares in the last quarter. West Oak Capital LLC bought a new stake in Curtiss-Wright during the second quarter valued at about $49,000. Flaharty Asset Management LLC bought a new stake in Curtiss-Wright during the first quarter valued at about $69,000. Finally, Signaturefd LLC boosted its position in Curtiss-Wright by 10.3% during the first quarter. Signaturefd LLC now owns 473 shares of the aerospace company’s stock valued at $150,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Activity

In other news, VP John C. Watts sold 1,110 shares of the firm’s 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 completion of the transaction, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CW. Truist Financial raised their price objective on Curtiss-Wright from $463.00 to $525.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Morgan Stanley raised their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $545.00.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $585.67 on Wednesday. The firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of 49.42, a price-to-earnings-growth ratio of 3.41 and a beta of 1.14. 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 business has a fifty day moving average of $532.29 and a 200 day moving average of $478.17. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28.

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

Curtiss-Wright Announces Dividend

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

About Curtiss-Wright

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.