Hudson Edge Investment Partners Inc. Lowers Holdings in Curtiss-Wright Corporation $CW

Key Points

• Hudson Edge Investment Partners Inc. reduced its stake in Curtiss-Wright Corporation by 21.5%, holding now 2,179 shares valued at approximately $1,065,000.
• The company's stock has experienced a 0.8% decline recently, with a current trading price of $538.03 and a market capitalization of $20.27 billion.
• Curtiss-Wright recently announced a $0.24 quarterly dividend, with an annualized yield of 0.2% and a payout ratio of 8.10%.

Hudson Edge Investment Partners Inc. reduced its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 21.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,179 shares of the aerospace company's stock after selling 598 shares during the period. Hudson Edge Investment Partners Inc.'s holdings in Curtiss-Wright were worth $1,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Curtiss-Wright by 23.3% in the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock worth $175,417,000 after buying an additional 104,393 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Curtiss-Wright by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock valued at $110,769,000 after acquiring an additional 5,007 shares during the period. AQR Capital Management LLC boosted its position in Curtiss-Wright by 25.6% in the 1st quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company's stock worth $81,761,000 after purchasing an additional 54,289 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Curtiss-Wright by 6.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company's stock worth $79,912,000 after purchasing an additional 14,684 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Curtiss-Wright during the 1st quarter valued at approximately $70,357,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Down 0.8%

CW stock opened at $538.03 on Friday. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $550.88. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $498.16 and a 200-day simple moving average of $435.74. The stock has a market capitalization of $20.27 billion, a P/E ratio of 45.40, a P/E/G ratio of 3.32 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 analysts' expectations of $855.10 million. During the same period in the previous year, the firm posted $2.67 EPS. Curtiss-Wright's revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently issued reports on CW shares. Truist Financial lowered their price target 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. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley lifted their price target 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 upped their price target on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $468.14.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, the vice president owned 3,863 shares of the company's stock, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company's stock.

About Curtiss-Wright

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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