Curtiss-Wright Co. (NYSE:CW) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its position in Curtiss-Wright Co. (NYSE:CW) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 3,897 shares of the aerospace company’s stock after selling 88 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Curtiss-Wright were worth $1,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of Curtiss-Wright by 1,414.4% during the 1st quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company’s stock valued at $4,105,000 after acquiring an additional 14,979 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Curtiss-Wright by 38.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock valued at $19,524,000 after acquiring an additional 21,074 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Curtiss-Wright during the 2nd quarter valued at approximately $41,383,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Curtiss-Wright during the 1st quarter valued at approximately $5,007,000. Finally, Cetera Advisors LLC raised its position in shares of Curtiss-Wright by 178.7% during the 1st quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock worth $1,017,000 after purchasing an additional 2,548 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 1.2 %

CW stock opened at $348.96 on Friday. The stock has a market capitalization of $13.37 billion, a P/E ratio of 33.01 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. Curtiss-Wright Co. has a one year low of $198.45 and a one year high of $371.04. The company has a 50 day moving average price of $329.92 and a two-hundred day moving average price of $294.96.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.24 by $0.43. The firm had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.39%. Curtiss-Wright’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.15 EPS. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 10.58 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.21 per share. The ex-dividend date 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 7.95%.

Wall Street Analyst Weigh In

CW has been the subject of several research reports. Robert W. Baird lifted their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Truist Financial lifted their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Alembic Global Advisors initiated coverage on Curtiss-Wright in a research report on Tuesday. They set an “overweight” rating and a $412.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $349.60.

Insider Activity

In other news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the sale, the director now directly owns 1,382 shares of the company’s stock, valued at $418,469.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.67% of the company’s stock.

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.