Curtiss-Wright Co. (NYSE:CW) Shares Sold by nVerses Capital LLC

nVerses Capital LLC lowered its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 73.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400 shares of the aerospace company’s stock after selling 1,100 shares during the period. nVerses Capital LLC’s holdings in Curtiss-Wright were worth $131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after purchasing an additional 301,394 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Curtiss-Wright in the 2nd quarter valued at about $41,383,000. Global Alpha Capital Management Ltd. boosted its stake in shares of Curtiss-Wright by 41.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after purchasing an additional 103,780 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Curtiss-Wright by 79.2% during the second quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock worth $53,318,000 after buying an additional 86,955 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of Curtiss-Wright by 70.9% in the first quarter. Epoch Investment Partners Inc. now owns 202,261 shares of the aerospace company’s stock valued at $51,767,000 after buying an additional 83,882 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on CW shares. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus boosted their price target on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Truist Financial boosted their price target on Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a report on Friday. Finally, StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $326.75.

Curtiss-Wright Trading Up 0.4 %

CW stock opened at $364.34 on Monday. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 37.52 and a beta of 1.18. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $320.07 and a 200-day simple moving average of $288.49. Curtiss-Wright Co. has a 52 week low of $194.46 and a 52 week high of $366.59.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The business had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 EPS. On average, equities research analysts expect that Curtiss-Wright Co. will post 10.56 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

Curtiss-Wright 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.