Orion Porfolio Solutions LLC Sells 1,937 Shares of Curtiss-Wright Corporation $CW

Orion Porfolio Solutions LLC lowered its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 15.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,356 shares of the aerospace company’s stock after selling 1,937 shares during the period. Orion Porfolio Solutions LLC’s holdings in Curtiss-Wright were worth $5,623,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. KCM Investment Advisors LLC lifted its stake in Curtiss-Wright by 130.1% in the third quarter. KCM Investment Advisors LLC now owns 10,434 shares of the aerospace company’s stock valued at $5,665,000 after purchasing an additional 5,900 shares during the last quarter. Advisory Alpha LLC purchased a new stake in Curtiss-Wright in the third quarter worth $437,000. Cresset Asset Management LLC raised its stake in shares of Curtiss-Wright by 71.2% in the third quarter. Cresset Asset Management LLC now owns 2,469 shares of the aerospace company’s stock valued at $1,341,000 after buying an additional 1,027 shares during the period. AustralianSuper Pty Ltd bought a new stake in shares of Curtiss-Wright in the third quarter valued at $12,922,000. Finally, Level Four Advisory Services LLC lifted its position in shares of Curtiss-Wright by 3.0% during the 3rd quarter. Level Four Advisory Services LLC now owns 4,467 shares of the aerospace company’s stock valued at $2,425,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CW shares. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Truist Financial set a $603.00 price objective on Curtiss-Wright in a research note on Friday, January 9th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Finally, Citigroup lifted their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $663.17.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $681.58 on Friday. The firm has a market capitalization of $25.13 billion, a P/E ratio of 52.96, a PEG ratio of 3.32 and a beta of 0.91. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $730.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The business has a fifty day moving average price of $650.99 and a 200-day moving average price of $578.24.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. The company had revenue of $946.98 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $3.27 EPS. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is currently 7.46%.

Insider Transactions at Curtiss-Wright

In other news, VP Gary A. Ogilby sold 625 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $624.32, for a total value of $390,200.00. Following the completion of the transaction, the vice president directly owned 2,571 shares in the company, valued at approximately $1,605,126.72. This trade represents a 19.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kevin Rayment sold 2,634 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 $1,649,753.22. Following the completion of the transaction, the chief operating officer owned 29,896 shares of the company’s stock, valued at $18,724,761.68. This trade represents a 8.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 17,269 shares of company stock valued at $10,797,098. Company insiders own 0.55% of the company’s stock.

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.