GHP Investment Advisors Inc. Reduces Holdings in Curtiss-Wright Co. (NYSE:CW)

GHP Investment Advisors Inc. reduced its holdings in Curtiss-Wright Co. (NYSE:CW) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,930 shares of the aerospace company’s stock after selling 1,469 shares during the period. Curtiss-Wright makes up 0.9% of GHP Investment Advisors Inc.’s holdings, making the stock its 23rd biggest position. GHP Investment Advisors Inc. owned 0.15% of Curtiss-Wright worth $18,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Curtiss-Wright by 1,414.4% in the first quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company’s stock valued at $4,105,000 after purchasing an additional 14,979 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Curtiss-Wright by 38.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock worth $19,524,000 after acquiring an additional 21,074 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $41,383,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Curtiss-Wright during the 1st quarter worth about $5,007,000. Finally, Cetera Advisors LLC boosted its stake in Curtiss-Wright by 178.7% during the first quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock worth $1,017,000 after buying an additional 2,548 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 0.4 %

CW stock traded up $1.37 during trading on Friday, hitting $345.68. 188,682 shares of the company’s stock were exchanged, compared to its average volume of 220,422. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 35.61 and a beta of 1.18. Curtiss-Wright Co. has a 52-week low of $194.46 and a 52-week high of $367.55. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $325.23 and a two-hundred day moving average price of $291.52.

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

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s payout ratio is currently 8.65%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The trade was 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 this hyperlink. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. Robert W. Baird boosted their price target 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. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Finally, Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $326.75.

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.