1,011 Curtiss-Wright Corporation $CW Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP cut its position in shares of Curtiss-Wright Corporation (NYSE:CW – Free Report) by 65.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 522 shares of the aerospace company’s stock after selling 1,011 shares during the quarter. Engineers Gate Manager LP’s holdings in Curtiss-Wright were worth $396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jackson Thornton Wealth Management LLC lifted its position in Curtiss-Wright by 4.9% in the first quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 19 shares during the period. AIA Group Ltd increased its stake in Curtiss-Wright by 0.6% in the first quarter. AIA Group Ltd now owns 3,412 shares of the aerospace company’s stock valued at $2,324,000 after acquiring an additional 19 shares during the period. Parallel Advisors LLC raised its position in Curtiss-Wright by 10.5% in the first quarter. Parallel Advisors LLC now owns 305 shares of the aerospace company’s stock worth $208,000 after purchasing an additional 29 shares in the last quarter. Private Advisor Group LLC lifted its stake in Curtiss-Wright by 0.7% during the first quarter. Private Advisor Group LLC now owns 4,686 shares of the aerospace company’s stock worth $3,192,000 after purchasing an additional 31 shares during the period. Finally, DGS Capital Management LLC lifted its stake in Curtiss-Wright by 8.2% during the fourth quarter. DGS Capital Management LLC now owns 434 shares of the aerospace company’s stock worth $239,000 after purchasing an additional 33 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright stock opened at $545.15 on Friday. The stock has a 50-day simple moving average of $644.50 and a 200 day simple moving average of $697.98. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 12-month low of $502.00 and a 12-month high of $808.16. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 37.52, a P/E/G ratio of 2.48 and a beta of 0.84.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a $0.26 dividend. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.04 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s payout ratio is 7.16%.

In other news, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the sale, the director owned 1,414 shares in the company, valued at $843,790.36. The trade was a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Watts sold 1,035 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the transaction, the executive vice president directly owned 2,736 shares in the company, valued at $1,694,842.56. This trade represents a 27.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is currently owned by company insiders.

CW has been the subject of several analyst reports. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Morgan Stanley reiterated an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Piper Sandler started coverage on Curtiss-Wright in a research note on Wednesday, September 2nd. They set a “neutral” rating and a $665.00 price objective for the company. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $768.25.

Get Our Latest Stock Report on CW

Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.
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