Renaissance Technologies LLC Sells 8,780 Shares of Curtiss-Wright Corporation $CW

Renaissance Technologies LLC reduced its holdings in Curtiss-Wright Corporation (NYSE:CW) by 69.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,800 shares of the aerospace company’s stock after selling 8,780 shares during the quarter. Renaissance Technologies LLC’s holdings in Curtiss-Wright were worth $2,588,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. CWM LLC raised its position in shares of Curtiss-Wright by 75.8% during the fourth quarter. CWM LLC now owns 18,425 shares of the aerospace company’s stock worth $10,157,000 after acquiring an additional 7,944 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Curtiss-Wright by 114.8% in the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after acquiring an additional 5,749 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Curtiss-Wright during the 4th quarter valued at approximately $1,104,000. Northwestern Mutual Wealth Management Co. raised its holdings in Curtiss-Wright by 39,282.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock worth $35,605,000 after purchasing an additional 64,423 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in Curtiss-Wright by 5,993.0% during the 4th quarter. M&T Bank Corp now owns 77,868 shares of the aerospace company’s stock worth $42,926,000 after purchasing an additional 76,590 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Activity

In related news, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the transaction, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,119 shares of company stock worth $2,257,998 over the last three months. 0.51% of the stock is currently owned by insiders.

Curtiss-Wright Trading Down 0.2%

NYSE CW opened at $690.27 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 52 week low of $464.91 and a 52 week high of $808.16. The business has a 50 day moving average price of $744.52 and a 200-day moving average price of $714.33. The company has a market cap of $25.50 billion, a price-to-earnings ratio of 47.51, a P/E/G ratio of 3.16 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 5th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The company had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. During the same period last year, the business earned $3.23 EPS. Curtiss-Wright’s quarterly revenue was up 5.4% compared to the same quarter last year. Curtiss-Wright has set its FY 2026 guidance at 15.100-15.400 EPS. As a group, equities analysts expect that Curtiss-Wright Corporation will post 15.24 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Citigroup increased their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $773.67.

About Curtiss-Wright

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.