Hardman Johnston Global Advisors LLC Sells 6,125 Shares of Curtiss-Wright Co. (NYSE:CW)

Hardman Johnston Global Advisors LLC cut its position in Curtiss-Wright Co. (NYSE:CW) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 129,162 shares of the aerospace company’s stock after selling 6,125 shares during the period. Curtiss-Wright comprises about 1.7% of Hardman Johnston Global Advisors LLC’s portfolio, making the stock its 20th biggest holding. Hardman Johnston Global Advisors LLC’s holdings in Curtiss-Wright were worth $42,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CW. Tsfg LLC raised its position in shares of Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after buying an additional 67 shares in the last quarter. Versant Capital Management Inc raised its holdings in Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares during the period. GPS Wealth Strategies Group LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth $30,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Curtiss-Wright by 1,933.3% in 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 during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CW has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Truist Financial upped their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective for the company. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $362.60.

Insiders Place Their Bets

In other news, VP John C. Watts sold 412 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP John C. Watts sold 412 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenda J. Minor sold 500 shares of the company’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 sale, the director now directly owns 1,382 shares in the company, valued at $418,469.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

CW stock opened at $360.41 on Wednesday. Curtiss-Wright Co. has a 1 year low of $203.22 and a 1 year high of $371.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 34.10 and a beta of 1.17. The company has a 50 day simple moving average of $331.53 and a 200 day simple moving average of $297.08.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. The company had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. During the same period in the prior year, the company earned $2.15 EPS. Curtiss-Wright’s revenue was up 11.4% compared to the same quarter last year. Research analysts anticipate that Curtiss-Wright Co. will post 10.66 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently declared 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. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

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.