Raymond James Financial Inc. Sells 19,805 Shares of Curtiss-Wright Corporation $CW

Key Points

• Raymond James Financial Inc. has reduced its stake in Curtiss-Wright Corporation by 22.3%, now owning approximately $21.88 million worth of the aerospace company's stock.
• Several institutional investors have significantly altered their positions in Curtiss-Wright, with hedge funds owning 82.71% of the stock.
• Analysts have mixed ratings for Curtiss-Wright, with a consensus rating of "Moderate Buy" and an average target price of $468.14.

Raymond James Financial Inc. lessened its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 22.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,950 shares of the aerospace company's stock after selling 19,805 shares during the period. Raymond James Financial Inc. owned approximately 0.18% of Curtiss-Wright worth $21,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ascent Group LLC grew its holdings in shares of Curtiss-Wright by 4.9% in the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock worth $253,000 after acquiring an additional 33 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Curtiss-Wright by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after acquiring an additional 34 shares during the last quarter. Portside Wealth Group LLC grew its holdings in shares of Curtiss-Wright by 1.6% in the 1st quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock worth $680,000 after acquiring an additional 34 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Curtiss-Wright by 4.7% in the 4th quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock worth $337,000 after acquiring an additional 43 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its holdings in shares of Curtiss-Wright by 1.0% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 4,505 shares of the aerospace company's stock worth $1,429,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup lifted their target price on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Truist Financial lowered their price target on 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 lifted 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. Morgan Stanley lifted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Robert W. Baird lifted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus price target of $468.14.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the company's stock in a transaction dated 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 owned 3,863 shares in the company, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the sale, the director owned 4,523 shares of the company's stock, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Down 1.7%

NYSE CW traded down $8.30 on Friday, reaching $477.59. The stock had a trading volume of 166,637 shares, compared to its average volume of 337,324. The business has a 50 day moving average price of $486.07 and a 200 day moving average price of $404.71. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $517.09. The company has a market capitalization of $18.00 billion, a price-to-earnings ratio of 40.30, a P/E/G ratio of 2.98 and a beta of 1.18.

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

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.