Beese Fulmer Investment Management Inc. Sells 66 Shares of Curtiss-Wright Co. (NYSE:CW)

Beese Fulmer Investment Management Inc. lessened its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,886 shares of the aerospace company’s stock after selling 66 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Curtiss-Wright were worth $4,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Curtiss-Wright by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after purchasing an additional 18,939 shares in the last quarter. Boston Partners lifted its position in Curtiss-Wright by 3.0% in the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock valued at $356,684,000 after acquiring an additional 40,657 shares in the last quarter. International Assets Investment Management LLC lifted its position in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after acquiring an additional 403,701 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in Curtiss-Wright by 41.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after acquiring an additional 103,780 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Curtiss-Wright by 30,079.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after acquiring an additional 301,394 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.5 %

NYSE:CW opened at $350.24 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 36.07 and a beta of 1.18. Curtiss-Wright Co. has a 52 week low of $194.46 and a 52 week high of $367.55. The firm has a 50-day moving average price of $323.50 and a two-hundred day moving average price of $290.55.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping 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 company had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. During the same quarter last year, the business posted $2.15 EPS. Curtiss-Wright’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities analysts expect that Curtiss-Wright Co. will post 10.56 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. Curtiss-Wright’s payout ratio is currently 8.65%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the business’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 owns 1,382 shares of the company’s stock, valued at $418,469.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CW has been the topic of several recent research reports. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Truist Financial increased their price objective on shares of Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Finally, Robert W. Baird increased 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $326.75.

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.