Curtiss-Wright Corporation $CW Shares Sold by Vest Financial LLC

Key Points

• Vest Financial LLC reduced its holdings in Curtiss-Wright Corporation by 18.7% in the second quarter, bringing their total shares to 6,211 with a value of $3,034,000.
• Vice President John C. Watts sold 1,110 shares at an average price of $480.50, decreasing his position by 22.32% in the company's stock.
• Curtiss-Wright Corporation reported strong quarterly earnings with $3.23 earnings per share, exceeding estimates and reflecting a year-over-year revenue increase of 11.7%.

Vest Financial LLC trimmed its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 18.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,211 shares of the aerospace company's stock after selling 1,425 shares during the period. Vest Financial LLC's holdings in Curtiss-Wright were worth $3,034,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CW. 1 North Wealth Services LLC acquired a new position in shares of Curtiss-Wright in the 1st quarter valued at about $32,000. Private Trust Co. NA lifted its stake in shares of Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 138 shares in the last quarter. West Oak Capital LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $49,000. Tsfg LLC lifted its stake in shares of Curtiss-Wright by 112.7% in the 1st quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock valued at $69,000 after purchasing an additional 115 shares in the last quarter. Finally, Flaharty Asset Management LLC acquired a new position in shares of Curtiss-Wright in the 1st quarter valued at about $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business'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 completion of the sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Price Performance

CW stock opened at $555.03 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $564.84. The stock's 50 day moving average is $506.86 and its two-hundred day moving average is $448.73. The company has a market capitalization of $20.91 billion, a PE ratio of 46.84, a P/E/G ratio of 3.13 and a beta of 1.14.

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

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, September 26th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright's payout ratio is currently 8.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CW shares. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Citigroup raised their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Stifel Nicolaus raised their target price on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average price target of $492.86.

Curtiss-Wright 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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