Trust Point Inc. Trims Stake in Curtiss-Wright Co. (NYSE:CW)

Trust Point Inc. lowered its position in Curtiss-Wright Co. (NYSE:CW) by 2.8% in the 3rd quarter, Holdings Channel reports. The firm owned 1,282 shares of the aerospace company’s stock after selling 37 shares during the quarter. Trust Point Inc.’s holdings in Curtiss-Wright were worth $421,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Versant Capital Management Inc grew its holdings in shares of Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new position in Curtiss-Wright in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC increased its position in shares of Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 116 shares during the period. Tsfg LLC raised its stake in shares of Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of several research reports. Truist Financial raised their price objective on Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a report on Friday. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird increased their target price on shares of 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 shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.75.

Curtiss-Wright Trading Up 0.3 %

Shares of NYSE CW opened at $363.99 on Friday. Curtiss-Wright Co. has a 1-year low of $194.46 and a 1-year high of $366.59. The business has a fifty day moving average price of $320.07 and a 200 day moving average price of $288.25. The stock has a market capitalization of $13.94 billion, a P/E ratio of 37.49 and a beta of 1.18. 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 released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.24 by $0.43. The business had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 earnings per share. Equities research analysts expect that Curtiss-Wright Co. will post 10.56 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the sale, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

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.