Curtiss-Wright Co. (NYSE:CW) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 7.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 900,480 shares of the aerospace company’s stock after selling 74,785 shares during the period. Primecap Management Co. CA’s holdings in Curtiss-Wright were worth $244,012,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of Curtiss-Wright by 5,050.0% during the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after buying an additional 101 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 116 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter valued at $32,000. Finally, Sachetta LLC acquired a new stake in Curtiss-Wright during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $312.39 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 32.17 and a beta of 1.18. Curtiss-Wright Co. has a twelve month low of $190.64 and a twelve month high of $318.20. The business has a 50 day simple moving average of $293.09 and a 200-day simple moving average of $273.44.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The firm had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. During the same quarter in the previous year, the firm earned $2.15 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities research analysts expect that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.27%. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 120 shares of company stock worth $27,914 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Truist Financial boosted their price objective on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Morgan Stanley raised their price objective on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Stifel Nicolaus upped their target price on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Robert W. Baird increased their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 12th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $307.50.

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.