Curtiss-Wright Corporation $CW Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,670 shares of the aerospace company’s stock after selling 21,596 shares during the quarter. Dimensional Fund Advisors LP owned 0.82% of Curtiss-Wright worth $163,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clearstead Advisors LLC raised its position in Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after buying an additional 17 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1.8% in the third quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock valued at $554,000 after acquiring an additional 18 shares in the last quarter. Huntington National Bank increased its stake 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 acquiring an additional 18 shares during the period. Journey Strategic Wealth LLC raised its holdings in Curtiss-Wright by 7.0% during the third quarter. Journey Strategic Wealth LLC now owns 444 shares of the aerospace company’s stock worth $241,000 after purchasing an additional 29 shares in the last quarter. Finally, Cadinha & Co. LLC lifted its position in Curtiss-Wright by 1.3% in the third quarter. Cadinha & Co. LLC now owns 2,368 shares of the aerospace company’s stock valued at $1,286,000 after purchasing an additional 30 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Truist Financial set a $603.00 target price on Curtiss-Wright in a research report on Friday, January 9th. Stifel Nicolaus lifted their price target on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price of $663.17.

Insider Transactions at Curtiss-Wright

In related news, EVP John C. Watts sold 652 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $625.57, for a total transaction of $407,871.64. Following the transaction, the executive vice president directly owned 3,890 shares in the company, valued at approximately $2,433,467.30. This represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Gary A. Ogilby sold 625 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $624.32, for a total value of $390,200.00. Following the completion of the sale, the vice president directly owned 2,571 shares in the company, valued at approximately $1,605,126.72. The trade was a 19.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 17,269 shares of company stock valued at $10,797,098. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

NYSE:CW opened at $706.33 on Tuesday. The firm has a market cap of $26.04 billion, a price-to-earnings ratio of 54.88, a price-to-earnings-growth ratio of 3.32 and a beta of 0.91. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $730.12. 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 company’s 50-day moving average is $653.87 and its two-hundred day moving average is $580.50.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business had revenue of $946.98 million during the quarter, compared to analyst estimates of $890.14 million. During the same quarter in the previous year, the business posted $3.27 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. Research analysts expect 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 will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is currently 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.