ClariVest Asset Management LLC Sells 90 Shares of Curtiss-Wright Co. (NYSE:CW)

ClariVest Asset Management LLC lowered its position in Curtiss-Wright Co. (NYSE:CW) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,020 shares of the aerospace company’s stock after selling 90 shares during the period. ClariVest Asset Management LLC’s holdings in Curtiss-Wright were worth $2,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Curtiss-Wright by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after acquiring an additional 18,939 shares in the last quarter. Boston Partners grew its stake in Curtiss-Wright by 3.0% in the first quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock worth $356,684,000 after purchasing an additional 40,657 shares in the last quarter. Norges Bank purchased a new position in Curtiss-Wright during the 4th quarter worth $113,885,000. Global Alpha Capital Management Ltd. raised its position in Curtiss-Wright by 41.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after purchasing an additional 103,780 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after purchasing an additional 301,394 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Nicolaus raised their price target on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Robert W. Baird increased their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Truist Financial boosted their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, May 22nd. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Finally, StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 2nd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $307.50.

Curtiss-Wright Stock Performance

CW stock opened at $296.24 on Wednesday. The firm has a 50-day simple moving average of $290.34 and a two-hundred day simple moving average of $271.46. 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 Co. has a one year low of $190.64 and a one year high of $318.20. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 30.51 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. Curtiss-Wright’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $2.15 earnings per share. On average, equities analysts forecast that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright 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 value of $151,400.00. Following the completion of the sale, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have acquired 120 shares of company stock valued at $27,914 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

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.