Yousif Capital Management LLC Has $5.54 Million Holdings in Curtiss-Wright Corporation $CW

Yousif Capital Management LLC cut its stake in Curtiss-Wright Corporation (NYSE:CW) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,330 shares of the aerospace company’s stock after selling 226 shares during the period. Yousif Capital Management LLC’s holdings in Curtiss-Wright were worth $5,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CW. 1 North Wealth Services LLC acquired a new position in Curtiss-Wright in the 1st quarter worth $32,000. Private Trust Co. NA boosted its stake in shares of Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock worth $44,000 after buying an additional 138 shares during the last quarter. West Oak Capital LLC acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth about $49,000. Tsfg LLC boosted its stake in shares of Curtiss-Wright by 112.7% during the 1st quarter. Tsfg LLC now owns 217 shares of the aerospace company’s stock worth $69,000 after buying an additional 115 shares during the last quarter. Finally, Flaharty Asset Management LLC acquired a new position in shares of Curtiss-Wright during the 1st quarter worth about $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on CW shares. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Citigroup increased their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Truist Financial reduced their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $492.86.

Curtiss-Wright Stock Up 0.8%

Curtiss-Wright stock opened at $555.03 on Wednesday. The stock has a market cap of $20.91 billion, a P/E ratio of 46.84, a P/E/G ratio of 3.13 and a beta of 1.14. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $564.84. The company’s 50-day moving average price is $506.86 and its two-hundred day moving average price is $448.73.

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

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s dividend payout ratio is currently 8.10%.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares of the company’s stock, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

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.