VestGen Advisors LLC trimmed its holdings in shares of Curtiss-Wright Corporation (NYSE:CW – Free Report) by 84.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 383 shares of the aerospace company’s stock after selling 2,005 shares during the period. VestGen Advisors LLC’s holdings in Curtiss-Wright were worth $208,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $3,448,649,000. Primecap Management Co. CA acquired a new stake in shares of Curtiss-Wright in the second quarter valued at about $390,106,000. Bank of New York Mellon Corp bought a new stake in Curtiss-Wright during the second quarter worth about $270,458,000. William Blair Investment Management LLC bought a new stake in Curtiss-Wright during the second quarter worth about $240,442,000. Finally, TimesSquare Capital Management LLC bought a new stake in Curtiss-Wright during the second quarter worth about $124,673,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Curtiss-Wright news, Director Larry D. Wyche sold 100 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director owned 1,414 shares in the company, valued at $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Watts sold 1,035 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were 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 in the company, 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. 0.51% of the stock is owned by insiders.
Key Stories Impacting Curtiss-Wright
Here are the key news stories impacting Curtiss-Wright this week:
- Positive Sentiment: Third-quarter adjusted EPS was $3.94, up 16% year over year and ahead of the $3.76 consensus estimate. Revenue rose 9.6% year over year. Curtiss-Wright also raised its full-year 2026 guidance, and backlog reached $4.6 billion, up 12% year to date. Curtiss-Wright Reports Third Quarter 2026 Financial Results and Raises Full-Year 2026 Guidance
- Positive Sentiment: The company won Navy contracts worth more than $225 million to support aircraft carrier and submarine programs, adding to its defense business pipeline. Curtiss-Wright Awarded Contracts Valued in Excess of $225 Million
- Neutral Sentiment: The positive earnings and contract news has not prevented the stock from trading lower. The available reports do not give a clear catalyst for the share-price weakness.
Curtiss-Wright Stock Performance
Shares of CW opened at $448.23 on Thursday. The firm has a 50-day moving average of $531.80 and a 200-day moving average of $665.58. Curtiss-Wright Corporation has a one year low of $447.18 and a one year high of $808.16. The company has a market cap of $16.55 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 2.08 and a beta of 0.94. 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 – Get Free Report) last issued its earnings results on Wednesday, November 4th. The aerospace company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.18. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company had revenue of $952.59 million for the quarter, compared to analysts’ expectations of $935.09 million. During the same period in the prior year, the firm earned $3.31 EPS. Curtiss-Wright’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts forecast that Curtiss-Wright Corporation will post 15.33 earnings per share for the current year.
Curtiss-Wright Increases Dividend
The firm also recently declared 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%. 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 (DPR) is presently 7.16%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Morgan Stanley reduced their price target on Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Citigroup lowered 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. Guggenheim started coverage on Curtiss-Wright in a research note on Monday, September 14th. They set a “buy” rating and a $786.00 price objective on the stock. Finally, Stifel Nicolaus cut their price objective on Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating for the company in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $676.38.
Get Our Latest Research Report on CW
About Curtiss-Wright
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.
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