Curtiss-Wright Corporation $CW Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 63.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,489 shares of the aerospace company’s stock after selling 71,642 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Curtiss-Wright were worth $22,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Curtiss-Wright in the second quarter valued at approximately $3,448,649,000. Primecap Management Co. CA purchased a new position in Curtiss-Wright during the second quarter worth approximately $390,106,000. Bank of New York Mellon Corp purchased a new position in Curtiss-Wright during the second quarter worth approximately $270,458,000. William Blair Investment Management LLC purchased a new position in Curtiss-Wright during the second quarter worth approximately $240,442,000. Finally, TimesSquare Capital Management LLC purchased a new position in Curtiss-Wright during the second quarter worth approximately $124,673,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of a number of research analyst reports. Citigroup decreased their price target on shares of Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Weiss Ratings downgraded Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Piper Sandler initiated coverage on Curtiss-Wright in a research report on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 target price on the stock. Stifel Nicolaus increased their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Finally, Guggenheim began coverage on Curtiss-Wright in a report on Monday, September 14th. They issued a “buy” rating and a $786.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $717.50.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $502.67 on Friday. The company’s fifty day simple moving average is $579.54 and its 200-day simple moving average is $679.84. Curtiss-Wright Corporation has a 52 week low of $490.05 and a 52 week high of $808.16. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The company has a market cap of $18.56 billion, a PE ratio of 34.60, a P/E/G ratio of 2.27 and a beta of 0.88.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same quarter in the previous year, the business posted $3.23 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Curtiss-Wright Corporation will post 15.31 EPS 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 $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.2%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, September 25th. Curtiss-Wright’s dividend payout ratio is 7.16%.

Insider Activity

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

About Curtiss-Wright

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.