Atria Wealth Solutions Inc. Reduces Stock Position in Curtiss-Wright Corporation $CW

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Curtiss-Wright Corporation by 41.1%, now holding 1,043 shares worth $331,000.
• Institutional investors currently own 82.71% of Curtiss-Wright's stock, indicating strong institutional interest in the company.
• Curtiss-Wright reported a revenue increase of 11.7% year-over-year and exceeded earnings expectations with $3.23 earnings per share for the last quarter.

Atria Wealth Solutions Inc. cut its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 41.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,043 shares of the aerospace company's stock after selling 729 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Curtiss-Wright were worth $331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CW. Ascent Group LLC raised its position in shares of Curtiss-Wright by 4.9% in the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 33 shares during the period. Baird Financial Group Inc. raised its position in shares of Curtiss-Wright by 1.6% in the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock valued at $753,000 after purchasing an additional 34 shares during the period. Portside Wealth Group LLC raised its position in shares of Curtiss-Wright by 1.6% in the first quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock valued at $680,000 after purchasing an additional 34 shares during the period. GeoWealth Management LLC raised its position in shares of Curtiss-Wright by 15.6% in the fourth quarter. GeoWealth Management LLC now owns 318 shares of the aerospace company's stock valued at $113,000 after purchasing an additional 43 shares during the period. Finally, EP Wealth Advisors LLC raised its position in shares of Curtiss-Wright by 4.7% in the fourth quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock valued at $337,000 after purchasing an additional 43 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the transaction, the vice president owned 4,959 shares of the company's stock, valued at $2,228,376.24. The trade was a 8.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the sale, the director directly owned 4,523 shares of the company's stock, valued at $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CW. Citigroup boosted their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Truist Financial decreased their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Robert W. Baird upped their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

Curtiss-Wright Price Performance

CW stock traded up $0.3720 during midday trading on Wednesday, reaching $480.1220. The company had a trading volume of 204,070 shares, compared to its average volume of 367,757. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $517.09. The company has a market capitalization of $18.09 billion, a P/E ratio of 40.52, a P/E/G ratio of 2.94 and a beta of 1.18. The firm has a 50-day moving average price of $483.94 and a 200-day moving average price of $398.26.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business had revenue of $876.58 million during the quarter, compared to analysts' expectations of $855.10 million. During the same quarter in the previous year, the company earned $2.67 EPS. The business's quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

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.