Curtiss-Wright Co. (NYSE:CW) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,945 shares of the aerospace company’s stock after selling 240 shares during the period. Truist Financial Corp’s holdings in Curtiss-Wright were worth $3,508,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 101 shares during the period. GPS Wealth Strategies Group LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of Curtiss-Wright by 1,933.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 116 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $32,000. Finally, Quarry LP increased its stake in Curtiss-Wright by 176.9% in the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 161 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 1.0 %

Shares of NYSE:CW opened at $338.37 on Wednesday. The company has a market capitalization of $12.96 billion, a P/E ratio of 34.85 and a beta of 1.18. The stock’s fifty day simple moving average is $308.58 and its 200-day simple moving average is $283.22. Curtiss-Wright Co. has a 52-week low of $194.26 and a 52-week high of $342.23. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. The company had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.15 EPS. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 10.55 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Wall Street Analyst Weigh In

Several analysts have weighed in on CW shares. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $307.50.

Insider Transactions at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.67% 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.