Curtiss-Wright Corporation $CW Holdings Reduced by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC reduced its holdings in Curtiss-Wright Corporation by 3.3%, ending the second quarter with 18,742 shares valued at $9,156,000 after selling 640 shares.
• Several analysts have recently upgraded their ratings and price targets for Curtiss-Wright, with Citigroup raising their target to $568.00 and maintaining a "buy" rating.
• Curtiss-Wright reported strong quarterly earnings, with EPS of $3.23 surpassing estimates and revenue of $876.58 million representing an 11.7% year-over-year increase.

Mutual of America Capital Management LLC cut its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,742 shares of the aerospace company's stock after selling 640 shares during the period. Mutual of America Capital Management LLC's holdings in Curtiss-Wright were worth $9,156,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. 1 North Wealth Services LLC bought a new position in shares of Curtiss-Wright in the first quarter worth $32,000. Private Trust Co. NA lifted its holdings in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares during the period. West Oak Capital LLC acquired a new stake in Curtiss-Wright in the second quarter worth about $49,000. Tsfg LLC lifted its holdings in Curtiss-Wright by 112.7% in the first quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock worth $69,000 after purchasing an additional 115 shares during the period. Finally, Flaharty Asset Management LLC acquired a new stake in Curtiss-Wright in the first quarter worth about $69,000. Institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Stifel Nicolaus raised their target price on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Truist Financial raised their target price on Curtiss-Wright from $463.00 to $525.00 and gave the company a "hold" rating in a research note on Wednesday, October 15th. Morgan Stanley raised their target price on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Citigroup raised their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $519.57.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the firm'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 transaction of $533,355.00. Following the completion of the transaction, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. This trade represents a 22.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Stock Down 1.0%

CW opened at $544.71 on Monday. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $575.07. The business has a 50-day moving average of $510.79 and a 200-day moving average of $454.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The company has a market capitalization of $20.52 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 3.09 and a beta of 1.14.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. The business 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 revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.67 EPS. Equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

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.

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