Envestnet Asset Management Inc. Lowers Stock Position in Curtiss-Wright Co. (NYSE:CW)

Envestnet Asset Management Inc. lowered its position in shares of Curtiss-Wright Co. (NYSE:CW – Get Rating) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,030 shares of the aerospace company’s stock after selling 1,010 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Curtiss-Wright worth $3,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of Curtiss-Wright by 58.5% in the 2nd quarter. Fifth Third Bancorp now owns 225 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 83 shares during the last quarter. Covestor Ltd raised its position in shares of Curtiss-Wright by 91.3% in the 1st quarter. Covestor Ltd now owns 350 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 167 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth about $51,000. Ellevest Inc. raised its position in shares of Curtiss-Wright by 35.4% in the 3rd quarter. Ellevest Inc. now owns 665 shares of the aerospace company’s stock worth $93,000 after purchasing an additional 174 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Curtiss-Wright by 9.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,045 shares of the aerospace company’s stock worth $145,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 2,223 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $169.42, for a total transaction of $376,620.66. Following the completion of the transaction, the chief executive officer now directly owns 17,356 shares in the company, valued at approximately $2,940,453.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Curtiss-Wright news, COO Kevin Rayment sold 1,751 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $169.38, for a total value of $296,584.38. Following the completion of the transaction, the chief operating officer now directly owns 15,154 shares in the company, valued at approximately $2,566,784.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 2,223 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $169.42, for a total value of $376,620.66. Following the completion of the transaction, the chief executive officer now owns 17,356 shares of the company’s stock, valued at $2,940,453.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,061 shares of company stock worth $1,027,287. 0.62% of the stock is owned by company insiders.

Curtiss-Wright Trading Down 0.6 %

Curtiss-Wright stock opened at $177.67 on Monday. The business has a 50-day simple moving average of $168.26 and a two-hundred day simple moving average of $162.56. The company has a market cap of $6.80 billion, a P/E ratio of 23.35 and a beta of 1.24. Curtiss-Wright Co. has a 52-week low of $124.37 and a 52-week high of $182.55. The company has a quick ratio of 1.06, a current ratio of 1.56 and a debt-to-equity ratio of 0.53.

Curtiss-Wright (NYSE:CW – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The aerospace company reported $2.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.10). The firm had revenue of $758.00 million for the quarter, compared to the consensus estimate of $752.23 million. Curtiss-Wright had a net margin of 11.51% and a return on equity of 16.56%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.40 earnings per share. Analysts predict that Curtiss-Wright Co. will post 8.77 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.43%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 9.99%.

Wall Street Analyst Weigh In

CW has been the subject of a number of recent analyst reports. Truist Financial boosted 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. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 27th. Finally, Morgan Stanley lowered Curtiss-Wright from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $187.00 to $188.00 in a research report on Monday, December 12th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $179.80.

Curtiss-Wright 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.