Curtiss-Wright Co. (NYSE:CW) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 90.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,460 shares of the aerospace company’s stock after selling 40,300 shares during the quarter. National Bank of Canada FI’s holdings in Curtiss-Wright were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth about $113,885,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after purchasing an additional 301,394 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Curtiss-Wright in the second quarter worth $41,383,000. Public Employees Retirement Association of Colorado grew its holdings in shares of Curtiss-Wright by 1,901.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock worth $33,502,000 after buying an additional 142,863 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its position in shares of Curtiss-Wright by 41.7% in the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after buying an additional 103,780 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $303.96 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. Curtiss-Wright Co. has a one year low of $190.64 and a one year high of $318.20. The stock’s 50 day moving average price is $291.53 and its 200 day moving average price is $271.89. The firm has a market capitalization of $11.64 billion, a PE ratio of 31.30 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. The company had revenue of $785.00 million for 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%. Curtiss-Wright’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 EPS. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.28%. Curtiss-Wright’s payout ratio is 8.65%.

Insider Buying and Selling

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction that occurred 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 $418,469.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 120 shares of company stock worth $27,914 over the last quarter. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CW has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Truist Financial boosted their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, May 22nd. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Thursday. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, Stifel Nicolaus increased their price objective 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 analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Curtiss-Wright has a consensus rating of “Buy” and a consensus target price of $307.50.

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.