Radnor Capital Management LLC Sells 1,268 Shares of Curtiss-Wright Corporation $CW

Radnor Capital Management LLC cut its stake in Curtiss-Wright Corporation (NYSE:CW) by 20.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,814 shares of the aerospace company’s stock after selling 1,268 shares during the period. Radnor Capital Management LLC’s holdings in Curtiss-Wright were worth $2,618,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Inspire Investing LLC grew its holdings in shares of Curtiss-Wright by 10.1% during the third quarter. Inspire Investing LLC now owns 14,440 shares of the aerospace company’s stock worth $7,853,000 after purchasing an additional 1,320 shares during the last quarter. Cadinha & Co. LLC lifted its holdings in shares of Curtiss-Wright by 5.0% in the 3rd quarter. Cadinha & Co. LLC now owns 2,603 shares of the aerospace company’s stock valued at $1,416,000 after purchasing an additional 125 shares during the last quarter. Cardinal Capital Management boosted its position in shares of Curtiss-Wright by 1.1% in the 3rd quarter. Cardinal Capital Management now owns 10,342 shares of the aerospace company’s stock valued at $5,627,000 after purchasing an additional 113 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Curtiss-Wright by 2.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,076 shares of the aerospace company’s stock valued at $1,673,000 after purchasing an additional 69 shares during the period. Finally, Wavvest Wealth LLC acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $1,255,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW opened at $464.02 on Friday. Curtiss-Wright Corporation has a fifty-two week low of $453.42 and a fifty-two week high of $808.16. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 1.95 and a beta of 0.88. The firm has a 50-day simple moving average of $557.88 and a 200-day simple moving average of $673.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The firm had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $3.23 earnings per share. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post 15.33 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 25th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s payout ratio is 7.16%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup cut their price target on Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a report on Wednesday, August 12th. Stifel Nicolaus lowered their target price on shares of Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating on the stock in a research report on Monday, October 19th. Finally, Guggenheim began coverage on shares of Curtiss-Wright in a report on Monday, September 14th. They issued a “buy” rating and a $786.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $676.38.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, EVP John Watts sold 1,035 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the transaction, the executive vice president directly owned 2,736 shares in the company, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the transaction, the director directly owned 1,414 shares in the company, valued at approximately $843,790.36. The trade was a 6.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.