Radnor Capital Management LLC Trims Holdings in Curtiss-Wright Corporation $CW

Radnor Capital Management LLC decreased its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 18.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,091 shares of the aerospace company’s stock after selling 1,407 shares during the quarter. Radnor Capital Management LLC’s holdings in Curtiss-Wright were worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CW. Envestnet Portfolio Solutions Inc. raised its position in shares of Curtiss-Wright by 18.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 892 shares of the aerospace company’s stock valued at $492,000 after purchasing an additional 139 shares during the period. TD Private Client Wealth LLC boosted its holdings in Curtiss-Wright by 5.8% in the 4th quarter. TD Private Client Wealth LLC now owns 2,209 shares of the aerospace company’s stock worth $1,218,000 after buying an additional 121 shares during the period. Mission Wealth Management LP increased its stake in Curtiss-Wright by 50.1% in the 4th quarter. Mission Wealth Management LP now owns 980 shares of the aerospace company’s stock worth $541,000 after buying an additional 327 shares in the last quarter. North Dakota State Investment Board bought a new stake in Curtiss-Wright during the fourth quarter valued at about $729,000. Finally, Elyxium Wealth LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at about $43,000. 82.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 3,225 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the sale, the chief executive officer directly owned 50,634 shares of the company’s stock, valued at $34,264,027.80. This represents a 5.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gary A. Ogilby sold 252 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total value of $173,663.28. Following the transaction, the vice president owned 2,571 shares of the company’s stock, valued at $1,771,778.94. This represents a 8.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 5,961 shares of company stock worth $4,039,279. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a report on Friday, May 8th. Citigroup upped their price target on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $746.67.

Curtiss-Wright Stock Down 0.3%

Shares of CW stock opened at $710.69 on Tuesday. The company’s fifty day simple moving average is $707.21 and its two-hundred day simple moving average is $643.12. Curtiss-Wright Corporation has a 52 week low of $405.70 and a 52 week high of $760.72. The stock has a market cap of $26.25 billion, a P/E ratio of 52.07, a PEG ratio of 3.30 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 issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. During the same quarter last year, the business posted $2.82 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Curtiss-Wright has set its FY 2026 guidance at 14.900-15.300 EPS. Analysts predict that Curtiss-Wright Corporation will post 15.15 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

About Curtiss-Wright

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.