Inspire Investing LLC Decreases Stake in Curtiss-Wright Corporation $CW

Key Points

• Inspire Investing LLC has reduced its stake in Curtiss-Wright Corporation by 33.8%, now holding 6,790 shares valued at approximately $3.3 million.
• Several hedge funds have adjusted their positions in Curtiss-Wright, with SG Americas Securities LLC significantly increasing their holdings by 616.8% in the first quarter.
• Curtiss-Wright reported earnings of $3.23 per share for the last quarter, exceeding analyst expectations and showing a revenue increase of 11.7% from the previous year.

Inspire Investing LLC lowered its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 33.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,790 shares of the aerospace company's stock after selling 3,468 shares during the quarter. Inspire Investing LLC's holdings in Curtiss-Wright were worth $3,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CW. Farther Finance Advisors LLC raised its stake in shares of Curtiss-Wright by 5.3% in the first quarter. Farther Finance Advisors LLC now owns 1,832 shares of the aerospace company's stock worth $591,000 after purchasing an additional 93 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Curtiss-Wright in the first quarter worth $232,000. GAMMA Investing LLC grew its holdings in shares of Curtiss-Wright by 41.8% in the first quarter. GAMMA Investing LLC now owns 818 shares of the aerospace company's stock worth $260,000 after acquiring an additional 241 shares during the period. SG Americas Securities LLC grew its holdings in shares of Curtiss-Wright by 616.8% in the first quarter. SG Americas Securities LLC now owns 2,473 shares of the aerospace company's stock worth $785,000 after acquiring an additional 2,128 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Curtiss-Wright by 8.1% in the first quarter. Fifth Third Bancorp now owns 934 shares of the aerospace company's stock worth $296,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $539.07 on Friday. The firm has a market capitalization of $20.31 billion, a PE ratio of 45.49, a P/E/G ratio of 3.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The stock has a 50-day simple moving average of $504.92 and a two-hundred day simple moving average of $444.71. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $561.49.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. The firm had revenue of $876.58 million during 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 business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.67 earnings per share. Analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on CW. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Curtiss-Wright in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday. Citigroup lifted their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Morgan Stanley lifted their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Stifel Nicolaus boosted their price target 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $492.86.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction dated 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 directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is currently owned by company insiders.

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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