Curtiss-Wright Corporation $CW Shares Sold by Comerica Bank

Comerica Bank reduced its position in Curtiss-Wright Corporation (NYSE:CW) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,089 shares of the aerospace company’s stock after selling 1,043 shares during the quarter. Comerica Bank owned approximately 0.05% of Curtiss-Wright worth $11,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Clearstead Advisors LLC grew its position in shares of Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after buying an additional 17 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in shares of Curtiss-Wright by 2.9% during the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after buying an additional 17 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of Curtiss-Wright by 1.8% during the third quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock worth $554,000 after buying an additional 18 shares in the last quarter. Huntington National Bank grew its position in shares of Curtiss-Wright by 9.5% during the third quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock worth $113,000 after buying an additional 18 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after buying an additional 21 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Curtiss-Wright

In other news, COO Kevin Rayment sold 907 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the sale, the chief operating officer owned 31,493 shares in the company, valued at $21,332,728.34. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Gary A. Ogilby sold 252 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $689.14, for a total value of $173,663.28. Following the sale, the vice president owned 2,571 shares of the company’s stock, valued at $1,771,778.94. This trade represents a 8.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 22,717 shares of company stock valued at $14,533,791. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $650.00 to $723.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Citigroup boosted their price objective on Curtiss-Wright from $718.00 to $728.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Morgan Stanley reissued an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Finally, Truist Financial set a $603.00 price objective on Curtiss-Wright in a research report on Friday, January 9th. Four 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 has a consensus rating of “Moderate Buy” and a consensus target price of $677.00.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $706.91 on Wednesday. Curtiss-Wright Corporation has a twelve month low of $333.33 and a twelve month high of $748.14. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $701.21 and a two-hundred day moving average of $628.83. The stock has a market cap of $26.09 billion, a P/E ratio of 54.93, a P/E/G ratio of 3.40 and a beta of 0.91.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the prior year, the business earned $3.27 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, research analysts forecast that Curtiss-Wright Corporation will post 15.06 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 26th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is 7.46%.

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.