Global Retirement Partners LLC Invests $313,000 in Curtiss-Wright Corporation $CW

Global Retirement Partners LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 641 shares of the aerospace company’s stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc raised its holdings in Curtiss-Wright by 14.4% in the 2nd quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock valued at $385,651,000 after acquiring an additional 99,643 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Curtiss-Wright in the second quarter valued at approximately $270,731,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Curtiss-Wright by 1.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock valued at $166,713,000 after purchasing an additional 6,261 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Curtiss-Wright by 21.0% in the second quarter. American Century Companies Inc. now owns 340,007 shares of the aerospace company’s stock valued at $166,110,000 after purchasing an additional 59,003 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Curtiss-Wright by 25.6% during the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock worth $81,761,000 after buying an additional 54,289 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

Shares of CW opened at $563.67 on Monday. The firm has a 50-day simple moving average of $555.91 and a two-hundred day simple moving average of $503.98. The stock has a market cap of $20.79 billion, a PE ratio of 47.57, a P/E/G ratio of 3.41 and a beta of 1.12. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $612.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. During the same period in the prior year, the business posted $2.89 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.82%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial raised their target price on Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Morgan Stanley increased their price target on shares of Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $562.83.

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.