Atria Wealth Solutions Inc. Has $331,000 Position in Curtiss-Wright Corporation (NYSE:CW)

Atria Wealth Solutions Inc. reduced its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 41.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,043 shares of the aerospace company’s stock after selling 729 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Curtiss-Wright were worth $331,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its stake in Curtiss-Wright by 59.2% in the fourth quarter. Barclays PLC now owns 78,086 shares of the aerospace company’s stock valued at $27,710,000 after acquiring an additional 29,052 shares during the last quarter. Mariner LLC lifted its stake in Curtiss-Wright by 8.3% in the fourth quarter. Mariner LLC now owns 3,508 shares of the aerospace company’s stock valued at $1,245,000 after acquiring an additional 268 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Curtiss-Wright by 2,229.3% in the fourth quarter. NewEdge Advisors LLC now owns 955 shares of the aerospace company’s stock valued at $339,000 after acquiring an additional 914 shares during the last quarter. Marshall Wace LLP acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $3,027,000. Finally, Farringdon Capital Ltd. acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $549,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the sale, the director owned 4,523 shares of the company’s stock, valued at $2,026,304. The trade was a 29.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John C. Watts sold 450 shares of the business’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the completion of the sale, the vice president directly owned 4,959 shares in the company, valued at $2,228,376.24. This trade represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Trading Down 0.9%

Shares of CW stock opened at $487.75 on Friday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $517.09. The firm’s fifty day simple moving average is $482.66 and its 200 day simple moving average is $395.36. The firm has a market capitalization of $18.38 billion, a P/E ratio of 41.16, a price-to-earnings-growth ratio of 3.01 and a beta of 1.18. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. During the same quarter in the previous year, the firm posted $2.67 earnings per share. Curtiss-Wright’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of analyst reports. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Truist Financial lowered their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Finally, Citigroup lifted their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $468.14.

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.