Centiva Capital LP Has $779,000 Stake in Curtiss-Wright Co. (NYSE:CW)

Centiva Capital LP lessened its position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) by 54.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,196 shares of the aerospace company's stock after selling 2,674 shares during the quarter. Centiva Capital LP's holdings in Curtiss-Wright were worth $779,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atomi Financial Group Inc. acquired a new position in shares of Curtiss-Wright during the 4th quarter worth $239,000. Truist Financial Corp increased its position in Curtiss-Wright by 6.2% during the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after purchasing an additional 825 shares in the last quarter. Athena Investment Management purchased a new stake in Curtiss-Wright during the 4th quarter worth about $302,000. Daiwa Securities Group Inc. increased its position in Curtiss-Wright by 1,694.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock worth $4,210,000 after purchasing an additional 11,202 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Curtiss-Wright by 28.9% during the 4th quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company's stock worth $54,519,000 after purchasing an additional 34,489 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares of the company's stock, valued at $617,953.59. The trade was a 7.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 3,131 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the completion of the transaction, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. This trade represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock worth $3,581,107 in the last ninety days. 0.55% of the stock is owned by insiders.

Curtiss-Wright Stock Up 2.0%

Curtiss-Wright stock traded up $7.90 during midday trading on Tuesday, hitting $395.27. 426,844 shares of the stock were exchanged, compared to its average volume of 268,130. The firm has a market cap of $14.89 billion, a P/E ratio of 37.47, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright Co. has a 1 year low of $258.85 and a 1 year high of $406.22. The company has a 50 day moving average price of $327.74 and a two-hundred day moving average price of $345.55.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The company had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same period last year, the business earned $1.99 EPS. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts predict that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on CW. Citigroup dropped their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Truist Financial dropped their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $377.43.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.