Fiera Capital Corp Lowers Holdings in Curtiss-Wright Corporation $CW

Fiera Capital Corp trimmed its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,628 shares of the aerospace company’s stock after selling 3,416 shares during the period. Fiera Capital Corp owned about 0.41% of Curtiss-Wright worth $82,868,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CW. Atlantic Union Bankshares Corp purchased a new position in Curtiss-Wright in the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter valued at about $27,000. Penserra Capital Management LLC acquired a new position in Curtiss-Wright in the 2nd quarter worth about $29,000. First Horizon Corp purchased a new position in Curtiss-Wright during the third quarter worth approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 35 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CW. Citigroup upped their target price on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Morgan Stanley restated an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Finally, Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Curtiss-Wright Stock Up 1.6%

NYSE CW opened at $701.62 on Friday. The business’s fifty day simple moving average is $618.63 and its 200-day simple moving average is $561.61. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market cap of $25.87 billion, a PE ratio of 54.52, a P/E/G ratio of 3.06 and a beta of 0.93. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $709.99.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.13. The firm had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. Curtiss-Wright’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $3.27 earnings per share. As a group, equities analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be issued a $0.24 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is currently 7.46%.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 9,327 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the sale, the chief executive officer owned 46,192 shares of the company’s stock, valued at $28,936,978.40. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO K Christopher Farkas sold 2,665 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total value of $1,669,169.45. Following the completion of the transaction, the chief financial officer directly owned 7,358 shares in the company, valued at approximately $4,608,536.14. This trade represents a 26.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,269 shares of company stock valued at $10,797,098 in the last ninety days. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright 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.