MassMutual Private Wealth & Trust FSB Has $82,000 Stock Position in Curtiss-Wright Corporation $CW

MassMutual Private Wealth & Trust FSB decreased its position in Curtiss-Wright Corporation (NYSE:CW) by 16.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167 shares of the aerospace company’s stock after selling 32 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Curtiss-Wright were worth $82,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its holdings in shares of Curtiss-Wright by 6.3% in the 4th quarter. ProShare Advisors LLC now owns 1,775 shares of the aerospace company’s stock worth $630,000 after buying an additional 105 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Curtiss-Wright by 95.2% in the 4th quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company’s stock worth $314,000 after buying an additional 432 shares in the last quarter. State of Wyoming raised its holdings in shares of Curtiss-Wright by 434.7% in the 4th quarter. State of Wyoming now owns 540 shares of the aerospace company’s stock worth $192,000 after buying an additional 439 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Curtiss-Wright by 5.7% in the 4th quarter. Squarepoint Ops LLC now owns 904 shares of the aerospace company’s stock worth $321,000 after buying an additional 49 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Curtiss-Wright by 19.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,333 shares of the aerospace company’s stock worth $50,865,000 after buying an additional 23,067 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.1%

Shares of NYSE:CW opened at $513.28 on Friday. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $525.84. The stock has a market cap of $19.34 billion, a PE ratio of 43.31, a P/E/G ratio of 3.15 and a beta of 1.15. The business has a 50 day moving average of $489.80 and a 200-day moving average of $423.28. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company had revenue of $876.58 million during the quarter, compared to analysts’ expectations of $855.10 million. During the same quarter in the previous year, the company posted $2.67 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright’s dividend payout ratio is presently 8.10%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CW. Citigroup increased their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Stifel Nicolaus increased their target price on Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Truist Financial decreased their price target on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research report on Friday, July 11th. Finally, Morgan Stanley increased their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $468.14.

Insiders Place Their Bets

In related news, VP John C. Watts sold 1,110 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by insiders.

Curtiss-Wright Profile

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.