Curtiss-Wright Co. (NYSE:CW) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in Curtiss-Wright Co. (NYSE:CW) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,866 shares of the aerospace company’s stock after selling 485 shares during the quarter. Amalgamated Bank’s holdings in Curtiss-Wright were worth $6,201,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Curtiss-Wright by 7.8% in the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 29 shares during the last quarter. CIBC Asset Management Inc increased its stake in Curtiss-Wright by 4.5% in the 2nd quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock worth $289,000 after purchasing an additional 46 shares in the last quarter. Dorsey Wright & Associates raised its holdings in Curtiss-Wright by 0.4% during the 2nd quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock worth $3,523,000 after buying an additional 47 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Curtiss-Wright by 2.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after buying an additional 53 shares in the last quarter. Finally, Tsfg LLC boosted its holdings in shares of Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after buying an additional 67 shares during the period. Institutional investors own 82.71% of the company’s stock.

Wall Street Analyst Weigh In

CW has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird upped their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Morgan Stanley raised their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Finally, Truist Financial raised their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $362.60.

Insider Activity

In related news, VP John C. Watts sold 412 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Glenda J. Minor sold 500 shares of the business’s 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John C. Watts sold 412 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $377.46 on Thursday. Curtiss-Wright Co. has a fifty-two week low of $203.60 and a fifty-two week high of $380.98. The stock’s 50-day moving average is $331.53 and its two-hundred day moving average is $297.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The firm has a market cap of $14.32 billion, a P/E ratio of 35.71 and a beta of 1.17.

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 firm 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 17.21% and a net margin of 13.20%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.15 earnings per share. Analysts predict that Curtiss-Wright Co. will post 10.66 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.22%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.95%.

Curtiss-Wright Company 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.