Curtiss-Wright Co. (NYSE:CW) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC lessened its stake in Curtiss-Wright Co. (NYSE:CW) by 49.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,164 shares of the aerospace company’s stock after selling 2,144 shares during the period. Level Four Advisory Services LLC’s holdings in Curtiss-Wright were worth $381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Orion Capital Management LLC acquired a new position in shares of Curtiss-Wright during the 1st quarter worth about $44,000. Wellington Shields & Co. LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $43,000. Signaturefd LLC boosted its position in shares of Curtiss-Wright by 26.8% in the 1st quarter. Signaturefd LLC now owns 303 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 64 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $54,000. Finally, Covestor Ltd boosted 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 valued at $53,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Curtiss-Wright Stock Up 2.1 %

CW stock opened at $204.88 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.36 and a current ratio of 2.11. The company has a fifty day moving average of $199.69 and a 200-day moving average of $181.44. The stock has a market capitalization of $7.85 billion, a PE ratio of 24.65 and a beta of 1.25. Curtiss-Wright Co. has a one year low of $136.21 and a one year high of $209.77.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.97 by $0.18. The business had revenue of $704.40 million during the quarter, compared to analysts’ expectations of $648.77 million. Curtiss-Wright had a return on equity of 16.58% and a net margin of 11.77%. As a group, analysts expect that Curtiss-Wright Co. will post 9.08 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Thursday, September 28th. Curtiss-Wright’s dividend payout ratio (DPR) is 9.63%.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 224 shares of Curtiss-Wright stock in a transaction on Monday, August 7th. The stock was sold at an average price of $207.63, for a total transaction of $46,509.12. Following the completion of the transaction, the vice president now directly owns 3,523 shares of the company’s stock, valued at $731,480.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Paul J. Ferdenzi sold 2,064 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $190.00, for a total transaction of $392,160.00. Following the completion of the transaction, the vice president now directly owns 17,082 shares of the company’s stock, valued at approximately $3,245,580. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John C. Watts sold 224 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $207.63, for a total value of $46,509.12. Following the completion of the sale, the vice president now directly owns 3,523 shares in the company, valued at approximately $731,480.49. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 219 shares of company stock worth $34,039 and sold 6,948 shares worth $1,324,069. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial upped their target price on Curtiss-Wright from $190.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Morgan Stanley raised Curtiss-Wright from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $188.00 to $229.00 in a research report on Monday, August 7th. Finally, Robert W. Baird increased their price objective on Curtiss-Wright from $200.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $208.40.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.