Cardinal Capital Management Sells 1,366 Shares of Curtiss-Wright Corporation $CW

Cardinal Capital Management lowered its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,523 shares of the aerospace company’s stock after selling 1,366 shares during the quarter. Cardinal Capital Management’s holdings in Curtiss-Wright were worth $5,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Curtiss-Wright during the second quarter worth approximately $27,000. Penserra Capital Management LLC bought a new position in Curtiss-Wright in the 2nd quarter worth approximately $29,000. West Oak Capital LLC bought a new position in Curtiss-Wright in the 2nd quarter valued at $49,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Curtiss-Wright by 53.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after buying an additional 35 shares during the period. Finally, SJS Investment Consulting Inc. raised its position in shares of Curtiss-Wright by 1,840.0% during the third quarter. SJS Investment Consulting Inc. now owns 97 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CW. Stifel Nicolaus decreased their price target on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Wall Street Zen lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Citigroup assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 11th. They set a “neutral” rating and a $607.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price of $585.50.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 107 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $578.84, for a total transaction of $61,935.88. Following the sale, the executive vice president directly owned 3,476 shares in the company, valued at approximately $2,012,047.84. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Down 0.2%

CW opened at $582.01 on Friday. The firm’s fifty day moving average is $560.68 and its two-hundred day moving average is $525.80. The firm has a market cap of $21.46 billion, a PE ratio of 47.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.95. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $612.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.89 EPS. Equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $0.24 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s payout ratio is currently 7.82%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.