Crossmark Global Holdings Inc. Sells 4,510 Shares of Curtiss-Wright Co. (NYSE:CW)

Crossmark Global Holdings Inc. cut its holdings in Curtiss-Wright Co. (NYSE:CWGet Rating) by 54.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,719 shares of the aerospace company’s stock after selling 4,510 shares during the period. Crossmark Global Holdings Inc.’s holdings in Curtiss-Wright were worth $518,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CW. American Century Companies Inc. increased its stake in Curtiss-Wright by 16.9% during the first quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock valued at $614,000 after acquiring an additional 593 shares during the period. US Bancorp DE increased its stake in Curtiss-Wright by 15.4% during the first quarter. US Bancorp DE now owns 5,655 shares of the aerospace company’s stock valued at $849,000 after acquiring an additional 756 shares during the period. PNC Financial Services Group Inc. increased its stake in Curtiss-Wright by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock valued at $1,141,000 after acquiring an additional 121 shares during the period. Acadian Asset Management LLC acquired a new stake in Curtiss-Wright during the first quarter valued at approximately $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Curtiss-Wright by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock valued at $2,159,000 after purchasing an additional 1,371 shares in the last quarter. 84.95% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Up 1.0 %

Shares of CW opened at $159.19 on Monday. The company has a market capitalization of $6.10 billion, a P/E ratio of 23.65 and a beta of 1.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.08. Curtiss-Wright Co. has a one year low of $124.37 and a one year high of $182.55. The business’s 50 day simple moving average is $169.63 and its 200-day simple moving average is $155.92.

Curtiss-Wright (NYSE:CWGet Rating) last announced its earnings results on Wednesday, November 2nd. The aerospace company reported $2.07 EPS for the quarter, topping the consensus estimate of $2.03 by $0.04. The business had revenue of $630.54 million for the quarter, compared to the consensus estimate of $658.30 million. Curtiss-Wright had a return on equity of 15.96% and a net margin of 10.62%. As a group, sell-side analysts predict that Curtiss-Wright Co. will post 8.12 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Wednesday, November 23rd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Tuesday, November 22nd. Curtiss-Wright’s dividend payout ratio is 11.29%.

Analyst Upgrades and Downgrades

CW has been the topic of a number of recent research reports. Wolfe Research initiated coverage on Curtiss-Wright in a report on Monday, October 10th. They set an “outperform” rating and a $170.00 price objective on the stock. Morgan Stanley downgraded Curtiss-Wright from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $187.00 to $188.00 in a report on Monday, December 12th. StockNews.com initiated coverage on Curtiss-Wright in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $162.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Finally, Truist Financial boosted their target price on Curtiss-Wright from $175.00 to $183.00 in a report on Monday, January 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $178.40.

Curtiss-Wright Company Profile

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Curtiss-Wright Corporation is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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