Curtiss-Wright Corporation $CW Shares Sold by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP decreased its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 56.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,330 shares of the aerospace company’s stock after selling 8,081 shares during the period. Pinnbrook Capital Management LP’s holdings in Curtiss-Wright were worth $3,490,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright during the third quarter worth approximately $26,000. Larson Financial Group LLC increased its position in 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 purchasing an additional 21 shares during the last quarter. Elyxium Wealth LLC acquired a new position in Curtiss-Wright during the fourth quarter worth approximately $43,000. Sunbelt Securities Inc. acquired a new position in Curtiss-Wright during the third quarter worth approximately $43,000. Finally, V Square Quantitative Management LLC acquired a new position in Curtiss-Wright during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CW. Morgan Stanley reaffirmed an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Finally, Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $746.67.

Insider Buying and Selling at Curtiss-Wright

In related news, COO Kevin Rayment sold 907 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were 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 directly owned 31,493 shares of the company’s stock, valued at approximately $21,332,728.34. This trade represents a 2.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP George P. Mcdonald sold 151 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $678.07, for a total transaction of $102,388.57. Following the sale, the vice president directly owned 4,210 shares of the company’s stock, valued at approximately $2,854,674.70. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 5,961 shares of company stock worth $4,039,279. 0.51% of the stock is currently owned by insiders.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $727.31 on Friday. Curtiss-Wright Corporation has a 52-week low of $412.92 and a 52-week high of $760.72. The firm has a fifty day moving average of $708.57 and a 200-day moving average of $645.67. The firm has a market capitalization of $26.87 billion, a P/E ratio of 53.28, a PEG ratio of 3.37 and a beta of 0.86. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. During the same quarter in the prior year, the business earned $2.82 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, analysts predict that Curtiss-Wright Corporation will post 15.15 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.03%.

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.