Curtiss-Wright Corporation (NYSE:CW) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 94.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95 shares of the aerospace company's stock after selling 1,529 shares during the period. TD Private Client Wealth LLC's holdings in Curtiss-Wright were worth $30,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its position in Curtiss-Wright by 98.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock valued at $1,163,000 after buying an additional 1,817 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Curtiss-Wright in the first quarter valued at $240,000. Vontobel Holding Ltd. boosted its stake in shares of Curtiss-Wright by 100.4% in the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company's stock valued at $362,000 after purchasing an additional 571 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Curtiss-Wright by 37.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock valued at $1,159,000 after purchasing an additional 999 shares during the period. Finally, Mission Wealth Management LP purchased a new position in shares of Curtiss-Wright in the first quarter valued at $206,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Truist Financial decreased their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday. Citigroup upped their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Stifel Nicolaus decreased their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus price target of $418.00.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the sale, the chief financial officer directly owned 9,253 shares of the company's stock, valued at approximately $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director directly owned 4,523 shares in the company, valued at $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,130 shares of company stock valued at $2,726,412. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Down 0.2%

CW traded down $1.01 during trading on Friday, hitting $473.48. The company had a trading volume of 352,668 shares, compared to its average volume of 289,136. The company has a market cap of $17.83 billion, a PE ratio of 42.12, a P/E/G ratio of 2.99 and a beta of 1.15. The business has a 50-day moving average of $446.23 and a 200-day moving average of $373.18. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. Curtiss-Wright Corporation has a 1-year low of $258.85 and a 1-year high of $493.95.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. The firm had revenue of $805.65 million for the quarter, compared to analysts' expectations of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.99 earnings per share. As a group, analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.20%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright's dividend payout ratio is 8.54%.

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.