64,232 Curtiss-Wright Corporation $CW Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 31.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,030 shares of the aerospace company’s stock after selling 64,232 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.37% of Curtiss-Wright worth $75,063,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CW. Jackson Thornton Wealth Management LLC grew its position in shares of Curtiss-Wright by 4.9% during the 1st quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock valued at $298,000 after buying an additional 19 shares during the last quarter. AIA Group Ltd raised its stake in Curtiss-Wright by 0.6% during the first quarter. AIA Group Ltd now owns 3,412 shares of the aerospace company’s stock worth $2,324,000 after acquiring an additional 19 shares during the period. Parallel Advisors LLC lifted its holdings in Curtiss-Wright by 10.5% in the first quarter. Parallel Advisors LLC now owns 305 shares of the aerospace company’s stock worth $208,000 after acquiring an additional 29 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Curtiss-Wright by 0.7% in the first quarter. Private Advisor Group LLC now owns 4,686 shares of the aerospace company’s stock worth $3,192,000 after acquiring an additional 31 shares during the last quarter. Finally, Cooper Financial Group lifted its holdings in Curtiss-Wright by 9.3% in the third quarter. Cooper Financial Group now owns 376 shares of the aerospace company’s stock worth $204,000 after acquiring an additional 32 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CW shares. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Piper Sandler cut their price target on Curtiss-Wright from $665.00 to $586.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Stifel Nicolaus reduced their price objective on Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating for the company in a research report on Monday, October 19th. Guggenheim started coverage on Curtiss-Wright in a research note on Monday, September 14th. They set a “buy” rating and a $786.00 price objective for the company. Finally, Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $676.38.

Insiders Place Their Bets

In other Curtiss-Wright news, EVP John C. Watts sold 1,035 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the transaction, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. This represents a 27.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Larry D. Wyche sold 100 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the transaction, the director owned 1,414 shares in the company, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Performance

Shares of CW opened at $497.74 on Wednesday. The company has a 50-day moving average of $535.03 and a two-hundred day moving average of $666.64. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.02 and a beta of 0.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. Curtiss-Wright Corporation has a one year low of $453.42 and a one year high of $808.16.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.10. The firm had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 EPS. On average, equities research analysts expect that Curtiss-Wright Corporation will post 15.33 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, September 25th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s payout ratio is 7.16%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.