Linden Thomas Advisory Services LLC Sells 1,237 Shares of Curtiss-Wright Corporation $CW

Key Points

• Linden Thomas Advisory Services LLC reduced its stake in Curtiss-Wright Corporation by 26.9%, selling 1,237 shares, and now holds 3,354 shares valued at approximately $1.64 million.
• Analysts have mixed views on the stock, with Morgan Stanley raising its price target from $405 to $550 while Wall Street Zen downgraded the company from a "strong-buy" to a "buy" rating.
• Curtiss-Wright recently announced a quarterly dividend of $0.24 per share, with a low payout ratio of 8.10%, indicating strong earnings potential moving forward.

Linden Thomas Advisory Services LLC lessened its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 26.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,354 shares of the aerospace company's stock after selling 1,237 shares during the quarter. Linden Thomas Advisory Services LLC's holdings in Curtiss-Wright were worth $1,639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 1 North Wealth Services LLC purchased a new position in shares of Curtiss-Wright in the 1st quarter worth approximately $32,000. Private Trust Co. NA boosted its holdings 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 worth $44,000 after purchasing an additional 138 shares during the period. West Oak Capital LLC purchased a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $49,000. Tsfg LLC boosted its holdings in shares of Curtiss-Wright by 112.7% in the 1st 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 purchased a new position in shares of Curtiss-Wright in the 1st quarter worth approximately $69,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley boosted their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Weiss Ratings restated a "buy (b)" rating on shares of Curtiss-Wright in a report on Friday. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the company a "hold" rating in a report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $526.00.

Curtiss-Wright Trading Up 2.2%

Shares of NYSE CW opened at $571.01 on Friday. 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 business has a fifty day simple moving average of $517.05 and a two-hundred day simple moving average of $462.67. The firm has a market cap of $21.52 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 3.24 and a beta of 1.14. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $575.07.

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

Curtiss-Wright Dividend Announcement

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

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 stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the sale, the vice president directly 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 at 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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