Nkcfo LLC Sells 1,300 Shares of Curtiss-Wright Corporation $CW

Nkcfo LLC cut its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 72.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500 shares of the aerospace company’s stock after selling 1,300 shares during the quarter. Nkcfo LLC’s holdings in Curtiss-Wright were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CW. Verus Capital Partners LLC purchased a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $201,000. Clearstead Advisors LLC raised its holdings in Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after buying an additional 17 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its position in Curtiss-Wright by 2.1% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 4,490 shares of the aerospace company’s stock valued at $2,438,000 after buying an additional 92 shares during the period. Personal CFO Solutions LLC boosted its position in Curtiss-Wright by 15.7% during the 3rd quarter. Personal CFO Solutions LLC now owns 886 shares of the aerospace company’s stock valued at $481,000 after buying an additional 120 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Curtiss-Wright in the 3rd quarter worth $797,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,665 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the transaction, the chief financial officer owned 7,358 shares of the company’s stock, valued at approximately $4,608,536.14. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John C. Watts sold 652 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $625.57, for a total value of $407,871.64. Following the completion of the sale, the executive vice president directly owned 3,890 shares in the company, valued at approximately $2,433,467.30. This represents a 14.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,269 shares of company stock worth $10,797,098 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and set a $760.00 price target on shares of Curtiss-Wright in a report on Friday, February 13th. Citigroup increased their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Truist Financial set a $603.00 target price on Curtiss-Wright in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $663.17.

Curtiss-Wright Stock Down 1.1%

CW stock opened at $699.68 on Tuesday. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $715.00. The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of 54.36, a price-to-earnings-growth ratio of 3.45 and a beta of 0.93. The business’s 50 day moving average price is $624.94 and its two-hundred day moving average price is $565.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. The company had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.27 EPS. As a group, analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 26th. 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 7.46%.

Curtiss-Wright 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.