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Cadinha & Co. LLC Cuts Stock Position in Curtiss-Wright Corporation $CW

Curtiss-Wright logo with Aerospace background

Key Points

  • Cadinha & Co. LLC significantly reduced its stock position in Curtiss-Wright Corporation by 94.9%, selling 43,206 shares and retaining only 2,338 shares valued at approximately $1.14 million.
  • Other institutional investors have increased their stakes in Curtiss-Wright, including GAMMA Investing LLC, which raised its position by 41.8% in the first quarter.
  • Analysts are mostly optimistic about Curtiss-Wright's future, with six analysts rating the stock as a "Buy" and a consensus price target of $526.00.
  • Five stocks to consider instead of Curtiss-Wright.

Cadinha & Co. LLC decreased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 94.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,338 shares of the aerospace company's stock after selling 43,206 shares during the quarter. Cadinha & Co. LLC's holdings in Curtiss-Wright were worth $1,142,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Curtiss-Wright by 41.8% during the 1st quarter. GAMMA Investing LLC now owns 818 shares of the aerospace company's stock valued at $260,000 after buying an additional 241 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Curtiss-Wright by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,928 shares of the aerospace company's stock worth $2,198,000 after acquiring an additional 575 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Curtiss-Wright by 37.7% during the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock valued at $1,159,000 after purchasing an additional 999 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Curtiss-Wright by 7.8% in the 1st quarter. QRG Capital Management Inc. now owns 720 shares of the aerospace company's stock valued at $228,000 after purchasing an additional 52 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Curtiss-Wright by 98.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock worth $1,163,000 after purchasing an additional 1,817 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Morgan Stanley upped their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a "hold" rating in a research note on Monday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $526.00.

Check Out Our Latest Report on Curtiss-Wright

Curtiss-Wright Price Performance

NYSE CW opened at $540.17 on Thursday. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $575.07. The firm's fifty day simple moving average is $514.06 and its two-hundred day simple moving average is $457.70. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $20.35 billion, a P/E ratio of 45.58, a P/E/G ratio of 3.14 and a beta of 1.14.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.10. The company had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.67 EPS. Analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright's dividend payout ratio is presently 8.10%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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