Clark Capital Management Group Inc. Sells 33,480 Shares of Curtiss-Wright Corporation $CW

Clark Capital Management Group Inc. decreased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 20.4% during the 4th quarter, HoldingsChannel reports. The firm owned 130,681 shares of the aerospace company’s stock after selling 33,480 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Curtiss-Wright were worth $72,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp increased its stake in shares of Curtiss-Wright by 1.2% in the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after purchasing an additional 16,962 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Curtiss-Wright by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock valued at $464,130,000 after purchasing an additional 47,287 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Curtiss-Wright by 0.3% in the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock valued at $429,754,000 after purchasing an additional 2,153 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Curtiss-Wright by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock valued at $423,519,000 after purchasing an additional 39,515 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Curtiss-Wright by 5.3% in the 3rd quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after purchasing an additional 37,069 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.3%

NYSE:CW opened at $764.74 on Wednesday. The firm’s 50 day simple moving average is $729.66 and its 200 day simple moving average is $668.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. Curtiss-Wright Corporation has a one year low of $458.74 and a one year high of $779.70. The company has a market cap of $28.25 billion, a PE ratio of 56.02, a P/E/G ratio of 3.54 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, May 7th. The aerospace company reported $3.48 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 business had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. During the same period last year, the company earned $2.82 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, research analysts anticipate that Curtiss-Wright Corporation will post 15.15 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 15th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.

Insider Buying and Selling

In related news, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the sale, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the sale, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock worth $2,257,998 in the last ninety days. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

CW has been the topic of a number of research analyst reports. Citigroup raised their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $746.67.

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.