Curtiss-Wright Corporation $CW Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 7.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,401 shares of the aerospace company’s stock after selling 1,341 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Curtiss-Wright were worth $9,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CW. Whittier Trust Co. of Nevada Inc. boosted its holdings in Curtiss-Wright by 0.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 28,006 shares of the aerospace company’s stock valued at $15,068,000 after purchasing an additional 175 shares during the last quarter. Whittier Trust Co. lifted its holdings in Curtiss-Wright by 1.5% in the third quarter. Whittier Trust Co. now owns 62,726 shares of the aerospace company’s stock valued at $33,747,000 after acquiring an additional 933 shares during the last quarter. Sagespring Wealth Partners LLC grew its position in Curtiss-Wright by 32.1% in the third quarter. Sagespring Wealth Partners LLC now owns 580 shares of the aerospace company’s stock worth $315,000 after acquiring an additional 141 shares during the period. iA Global Asset Management Inc. increased its stake in Curtiss-Wright by 9.6% during the third quarter. iA Global Asset Management Inc. now owns 18,820 shares of the aerospace company’s stock worth $10,218,000 after acquiring an additional 1,650 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Curtiss-Wright by 89.8% in the third quarter. Chicago Partners Investment Group LLC now owns 1,448 shares of the aerospace company’s stock valued at $852,000 after purchasing an additional 685 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 0.2%

Shares of NYSE CW opened at $650.06 on Tuesday. The business’s fifty day simple moving average is $577.73 and its 200-day simple moving average is $540.11. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $669.98. The stock has a market cap of $23.97 billion, a P/E ratio of 52.98, a PEG ratio of 2.95 and a beta of 0.95.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The company had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. During the same quarter last year, the company earned $2.89 EPS. Curtiss-Wright’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is currently 7.82%.

Insider Buying and Selling at Curtiss-Wright

In other news, EVP John C. Watts sold 288 shares of Curtiss-Wright stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $600.00, for a total transaction of $172,800.00. Following the completion of the sale, the executive vice president directly owned 3,188 shares of the company’s stock, valued at approximately $1,912,800. The trade was a 8.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 513 shares of company stock valued at $302,586. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CW. Citigroup raised their price objective on Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Morgan Stanley restated an “overweight” rating and issued a $660.00 price objective on shares of Curtiss-Wright in a report on Tuesday, December 16th. Truist Financial set a $603.00 target price on Curtiss-Wright in a research report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $612.33.

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.