Curtiss-Wright Corporation $CW Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. decreased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 21.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 155,176 shares of the aerospace company’s stock after selling 43,582 shares during the period. Congress Asset Management Co.’s holdings in Curtiss-Wright were worth $84,388,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Central Pacific Bank Trust Division increased its holdings in Curtiss-Wright by 11.8% in the third quarter. Central Pacific Bank Trust Division now owns 1,330 shares of the aerospace company’s stock valued at $723,000 after purchasing an additional 140 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Curtiss-Wright by 4.0% during the second quarter. QRG Capital Management Inc. now owns 1,336 shares of the aerospace company’s stock worth $1,012,000 after buying an additional 51 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Curtiss-Wright by 13.7% during the second quarter. Sequoia Financial Advisors LLC now owns 13,097 shares of the aerospace company’s stock worth $9,924,000 after buying an additional 1,583 shares during the last quarter. Tidal Investments LLC grew its position in shares of Curtiss-Wright by 2.4% during the 2nd quarter. Tidal Investments LLC now owns 13,462 shares of the aerospace company’s stock worth $10,201,000 after buying an additional 310 shares during the period. Finally, Van Hulzen Asset Management LLC increased its stake in shares of Curtiss-Wright by 38.1% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 794 shares of the aerospace company’s stock valued at $602,000 after acquiring an additional 219 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the topic of a number of analyst reports. Guggenheim assumed coverage on shares of Curtiss-Wright in a research report on Monday, September 14th. They issued a “buy” rating and a $786.00 price target on the stock. Piper Sandler started coverage on shares of Curtiss-Wright in a report on Wednesday, September 2nd. They set a “neutral” rating and a $665.00 price objective for the company. Citigroup upped their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Finally, Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $768.25.

Curtiss-Wright Trading Up 2.3%

Shares of Curtiss-Wright stock traded up $12.36 during trading hours on Tuesday, hitting $553.15. The company’s stock had a trading volume of 296,631 shares, compared to its average volume of 313,050. Curtiss-Wright Corporation has a 12 month low of $521.66 and a 12 month high of $808.16. The stock has a 50 day moving average of $617.82 and a 200 day moving average of $690.82. The company has a market capitalization of $20.43 billion, a PE ratio of 38.07, a price-to-earnings-growth ratio of 2.46 and a beta of 0.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same quarter last year, the firm posted $3.23 earnings per share. Curtiss-Wright’s revenue was up 5.4% compared to the same quarter last year. Analysts predict that Curtiss-Wright Corporation will post 15.27 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.26 per share. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 25th. This represents a $1.04 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio is 7.16%.

Insider Activity at Curtiss-Wright

In other news, Director Larry D. Wyche sold 100 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the sale, the director owned 1,414 shares of the company’s stock, valued at $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John C. Watts sold 1,035 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. This represents a 27.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.

Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.