Centiva Capital LP Cuts Stake in Curtiss-Wright Co. (NYSE:CW)
Centiva Capital LP reduced its stake in Curtiss-Wright Co. (NYSE:CW) by 54.9% in Q4, owning 2,196 shares after selling 2,674 shares. Other institutional investors also adjusted their positions. Curtiss-Wright's stock opened at $378.37, with a market cap of $14.25 billion. The company reported $2.82 EPS, exceeding estimates, and a revenue of $805.65 million, up 13% year-over-year. Analysts have mixed ratings, with an average target price of $377.43. CFO K Christopher Farkas sold 4,780 shares, reducing his position by 34.06%.
Centiva Capital LP cut its stake in Curtiss-Wright Co. (NYSE:CW - Free Report) by 54.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,196 shares of the aerospace company's stock after selling 2,674 shares during the quarter. Centiva Capital LP's holdings in Curtiss-Wright were worth $779,000 at the end of the most recent reporting period.
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Several other institutional investors also recently bought and sold shares of CW. Tidal Investments LLC lifted its position in shares of Curtiss-Wright by 2.6% in the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock valued at $381,000 after acquiring an additional 29 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Curtiss-Wright by 0.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after purchasing an additional 29 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Curtiss-Wright by 10.6% during the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock worth $111,000 after buying an additional 30 shares in the last quarter. Cornerstone Investment Partners LLC raised its position in shares of Curtiss-Wright by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock valued at $326,000 after buying an additional 32 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Curtiss-Wright by 1.6% in the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after buying an additional 34 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Curtiss-Wright Price Performance
CW opened at $378.37 on Friday. The stock's 50-day moving average price is $325.04 and its 200 day moving average price is $345.06. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $393.40. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.48 and a beta of 1.04. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.
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Curtiss-Wright (NYSE:CW - Get Free Report) last released its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The company had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same period in the prior year, the business earned $1.99 EPS. The firm's quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on CW. Truist Financial dropped their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Citigroup cut their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Stifel Nicolaus reduced their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $377.43.
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Check Out Our Latest Stock Analysis on Curtiss-Wright
Insider Transactions at Curtiss-Wright
In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the completion of the sale, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at $3,238,550. The trade was a 34.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the transaction, the chief executive officer now owns 42,887 shares in the company, valued at approximately $13,955,858.67. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,642 shares of company stock valued at $3,581,107. 0.55% of the stock is currently owned by corporate insiders.
Curtiss-Wright Company Profile
(Free Report)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.
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