Hudson Edge Investment Partners Inc. Trims Stake in Curtiss-Wright Corporation $CW

Hudson Edge Investment Partners Inc. lessened its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 59.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 889 shares of the aerospace company’s stock after selling 1,290 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Curtiss-Wright were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. grew its position in Curtiss-Wright by 108.0% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock valued at $1,141,000 after purchasing an additional 1,213 shares in the last quarter. Creative Planning raised its stake in shares of Curtiss-Wright by 30.4% in the 2nd quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock valued at $2,722,000 after acquiring an additional 1,300 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Curtiss-Wright by 914.7% in the second quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock worth $10,103,000 after buying an additional 18,641 shares during the last quarter. Spire Wealth Management grew its position in shares of Curtiss-Wright by 21.5% in the second quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock valued at $268,000 after purchasing an additional 97 shares during the last quarter. Finally, Massachusetts Wealth Management bought a new position in Curtiss-Wright in the 2nd quarter worth approximately $266,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CW. Morgan Stanley reiterated an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Citigroup increased their target price on shares of Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Stifel Nicolaus reduced their price target on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $605.50.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $663.07 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $669.98. The company has a market capitalization of $24.45 billion, a P/E ratio of 54.04, a P/E/G ratio of 2.96 and a beta of 0.95. The business has a 50 day moving average of $571.42 and a 200-day moving average of $536.16.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. During the same period in the prior year, the company posted $2.89 earnings per share. Curtiss-Wright’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, November 28th. Curtiss-Wright’s payout ratio is presently 7.82%.

Insider Buying and Selling

In related news, EVP John C. Watts sold 288 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total value of $172,800.00. Following the transaction, the executive vice president owned 3,188 shares in the company, valued at approximately $1,912,800. This represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 513 shares of company stock valued at $302,586 over the last 90 days. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.