TD Private Client Wealth LLC Cuts Stock Position in Curtiss-Wright Corporation $CW

TD Private Client Wealth LLC cut its holdings in Curtiss-Wright Corporation (NYSE:CW) by 33.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63 shares of the aerospace company’s stock after selling 32 shares during the quarter. TD Private Client Wealth LLC’s holdings in Curtiss-Wright were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CW. Ballentine Partners LLC purchased a new stake in shares of Curtiss-Wright during the second quarter worth approximately $307,000. Charter Capital Management LLC DE purchased a new stake in shares of Curtiss-Wright during the second quarter worth approximately $873,000. Covea Finance increased its position in shares of Curtiss-Wright by 118.2% during the second quarter. Covea Finance now owns 42,981 shares of the aerospace company’s stock worth $20,998,000 after purchasing an additional 23,281 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new position in Curtiss-Wright during the second quarter worth $1,853,000. Finally, West Oak Capital LLC acquired a new position in Curtiss-Wright during the second quarter worth $49,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on CW shares. Citigroup upped their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a report on Monday, July 14th. Truist Financial lowered their target price on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a report on Friday, July 11th. Stifel Nicolaus raised their target price on Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a report on Friday, August 8th. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $468.14.

Curtiss-Wright Stock Up 2.5%

Curtiss-Wright stock opened at $543.84 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $549.00. The company has a market cap of $20.49 billion, a PE ratio of 45.89, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15. The stock’s 50 day moving average price is $495.68 and its 200 day moving average price is $433.54.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 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 for the quarter, compared to the consensus estimate of $855.10 million. During the same period in the previous year, the business earned $2.67 earnings per share. Curtiss-Wright’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Curtiss-Wright Company 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.