Trust Point Inc. Reduces 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, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,282 shares of the aerospace company’s stock after selling 37 shares during the period. Trust Point Inc.’s holdings in Curtiss-Wright were worth $421,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aaron Wealth Advisors LLC bought a new position in Curtiss-Wright in the 3rd quarter worth $242,000. Cardinal Capital Management raised its stake in shares of Curtiss-Wright by 5.0% in the third quarter. Cardinal Capital Management now owns 11,747 shares of the aerospace company’s stock worth $3,864,000 after buying an additional 555 shares during the period. LaFleur & Godfrey LLC purchased a new position in shares of Curtiss-Wright during the 3rd quarter valued at about $225,000. Tsfg LLC lifted its position in shares of Curtiss-Wright by 191.4% during the 3rd 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. Finally, Creative Planning grew its stake in shares of Curtiss-Wright by 8.2% during the 3rd quarter. Creative Planning now owns 3,005 shares of the aerospace company’s stock valued at $988,000 after acquiring an additional 227 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.3 %

Shares of CW stock opened at $363.99 on Friday. The company’s fifty day simple moving average is $320.07 and its two-hundred day simple moving average is $288.25. Curtiss-Wright Co. has a 52 week low of $194.46 and a 52 week high of $366.59. The stock has a market cap of $13.94 billion, a P/E ratio of 37.49 and a beta of 1.18. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The company had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same period in the previous year, the business earned $2.15 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts predict 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. Shareholders of record on Friday, September 27th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. Curtiss-Wright’s payout ratio is currently 8.65%.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of analyst reports. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Robert W. Baird boosted their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Truist Financial increased their target price on Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $326.75.

Insider Transactions at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright 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 transaction, the director now 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

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.