Rice Hall James & Associates LLC Reduces Stock Position in Curtiss-Wright Co. (NYSE:CW)

Rice Hall James & Associates LLC cut its stake in Curtiss-Wright Co. (NYSE:CW) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,897 shares of the aerospace company’s stock after selling 88 shares during the period. Rice Hall James & Associates LLC’s holdings in Curtiss-Wright were worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Tsfg LLC grew its position in 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 acquiring an additional 67 shares during the period. Versant Capital Management Inc raised its stake in shares of Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of Curtiss-Wright in the second quarter valued at $30,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 116 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $348.96 on Friday. The stock’s 50-day moving average is $329.92 and its two-hundred day moving average is $294.96. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 33.01 and a beta of 1.18. Curtiss-Wright Co. has a 1 year low of $198.45 and a 1 year high of $371.04. 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 (NYSE:CW) last issued 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 analyst estimates of $735.82 million. Curtiss-Wright had a return on equity of 17.39% and a net margin of 13.20%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 earnings per share. Analysts predict that Curtiss-Wright Co. will post 10.58 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.21 per share. 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 7.95%.

Analyst Ratings Changes

CW has been the topic of several analyst reports. Stifel Nicolaus increased their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Alembic Global Advisors assumed coverage on Curtiss-Wright in a report on Tuesday. They issued an “overweight” rating and a $412.00 target price on the stock. Truist Financial increased their target price on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday. Finally, Robert W. Baird increased their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $349.60.

Insider Buying and Selling

In related news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.67% of the company’s stock.

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.