Martingale Asset Management L P Sells 6,503 Shares of Curtiss-Wright Corporation $CW

Martingale Asset Management L P lowered its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 12.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,616 shares of the aerospace company’s stock after selling 6,503 shares during the quarter. Martingale Asset Management L P owned about 0.13% of Curtiss-Wright worth $25,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CW. Atlantic Union Bankshares Corp purchased a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Curtiss-Wright in the 2nd quarter valued at approximately $27,000. Penserra Capital Management LLC purchased a new position in shares of Curtiss-Wright in the 2nd quarter valued at approximately $29,000. First Horizon Corp bought a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Curtiss-Wright by 8,800.0% during the third quarter. Cornerstone Planning Group LLC now owns 89 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 88 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Down 1.7%

Shares of Curtiss-Wright stock opened at $680.54 on Friday. The company has a 50-day simple moving average of $662.19 and a two-hundred day simple moving average of $583.52. The stock has a market capitalization of $25.09 billion, a PE ratio of 52.88, a price-to-earnings-growth ratio of 3.37 and a beta of 0.91. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $730.12. 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 posted its quarterly 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. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm had revenue of $946.98 million for the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the prior year, the company posted $3.27 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CW shares. Truist Financial set a $603.00 price objective on Curtiss-Wright in a report on Friday, January 9th. Morgan Stanley restated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Finally, Wall Street Zen raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $663.17.

Insiders Place Their Bets

In other news, CFO K Christopher Farkas sold 2,665 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,669,169.45. Following the completion of the transaction, the chief financial officer owned 7,358 shares in the company, valued at $4,608,536.14. The trade was a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert F. Freda sold 418 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.95, for a total value of $262,065.10. Following the transaction, the vice president directly owned 5,187 shares in the company, valued at approximately $3,251,989.65. The trade was a 7.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 17,269 shares of company stock worth $10,797,098. 0.55% of the stock is owned by corporate insiders.

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.