Curtiss-Wright Co. (NYSE:CW) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 7.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 900,480 shares of the aerospace company’s stock after selling 74,785 shares during the quarter. Primecap Management Co. CA owned about 2.35% of Curtiss-Wright worth $244,012,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Versant Capital Management Inc boosted its position in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after buying an additional 116 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at about $32,000. Finally, Sachetta LLC purchased a new position in Curtiss-Wright during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CW. Robert W. Baird upped their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. Stifel Nicolaus boosted their price target on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Truist Financial upped their price objective on Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Finally, Morgan Stanley boosted their target price on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $307.50.

Curtiss-Wright Trading Up 0.8 %

Shares of CW opened at $312.39 on Tuesday. Curtiss-Wright Co. has a fifty-two week low of $190.64 and a fifty-two week high of $318.20. The company has a market capitalization of $11.96 billion, a PE ratio of 32.17 and a beta of 1.18. The stock has a fifty day moving average of $293.09 and a two-hundred day moving average of $273.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. During the same quarter in the previous year, the business earned $2.15 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, analysts forecast that Curtiss-Wright Co. will post 10.55 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders purchased 120 shares of company stock worth $27,914. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.