Commonwealth Equity Services LLC Sells 81 Shares of Curtiss-Wright Co. (NYSE:CW)

Commonwealth Equity Services LLC lowered its stake in Curtiss-Wright Co. (NYSE:CW – Get Rating) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,386 shares of the aerospace company’s stock after selling 81 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Curtiss-Wright were worth $899,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. bought a new position in shares of Curtiss-Wright in the fourth quarter worth about $28,000. Covestor Ltd grew its position in shares of Curtiss-Wright by 91.3% during the first quarter. Covestor Ltd now owns 350 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 167 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Curtiss-Wright by 208.2% during the fourth quarter. Fifth Third Bancorp now owns 715 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 483 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Curtiss-Wright by 9.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,527 shares of the aerospace company’s stock worth $202,000 after purchasing an additional 129 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth about $203,000. Institutional investors own 84.95% of the company’s stock.

Insider Activity

In other news, CEO Lynn M. Bamford sold 1,337 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $171.10, for a total transaction of $228,760.70. Following the transaction, the chief executive officer now owns 18,998 shares of the company’s stock, valued at approximately $3,250,557.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO Kevin Rayment sold 1,055 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $171.00, for a total transaction of $180,405.00. Following the completion of the transaction, the chief operating officer now owns 16,849 shares in the company, valued at approximately $2,881,179. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 1,337 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $171.10, for a total value of $228,760.70. Following the transaction, the chief executive officer now owns 18,998 shares of the company’s stock, valued at approximately $3,250,557.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,595 shares of company stock valued at $444,305. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Stock Performance

NYSE:CW opened at $164.76 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.15 and a quick ratio of 1.37. Curtiss-Wright Co. has a 1 year low of $124.37 and a 1 year high of $182.55. The stock’s 50 day simple moving average is $170.24 and its two-hundred day simple moving average is $170.28. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 20.49 and a beta of 1.24.

Curtiss-Wright (NYSE:CW – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The business had revenue of $631.00 million for the quarter, compared to the consensus estimate of $585.49 million. Curtiss-Wright had a return on equity of 16.54% and a net margin of 11.81%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS. As a group, equities analysts anticipate that Curtiss-Wright Co. will post 8.84 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.19. Curtiss-Wright’s payout ratio is currently 9.45%.

Analyst Ratings Changes

CW has been the subject of several research analyst reports. Truist Financial increased their target price on Curtiss-Wright from $183.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Stifel Nicolaus increased their target price on Curtiss-Wright from $196.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. William Blair began coverage on Curtiss-Wright in a research report on Friday. They set an “outperform” rating for the company. Finally, StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $186.80.

Curtiss-Wright Company Profile

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Curtiss-Wright Corp. 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.