Cwm LLC Buys 5,274 Shares of Curtiss-Wright Corporation $CW

Cwm LLC raised its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 101.3% during the third quarter, HoldingsChannel reports. The firm owned 10,481 shares of the aerospace company’s stock after buying an additional 5,274 shares during the quarter. Cwm LLC’s holdings in Curtiss-Wright were worth $5,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Curtiss-Wright by 1.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock valued at $746,000 after purchasing an additional 22 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Curtiss-Wright by 0.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company’s stock valued at $5,840,000 after acquiring an additional 30 shares during the last quarter. Huntington National Bank raised its stake in shares of Curtiss-Wright by 20.3% in the second quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock valued at $93,000 after acquiring an additional 32 shares during the period. ANB Bank lifted its holdings in shares of Curtiss-Wright by 5.1% in the 2nd quarter. ANB Bank now owns 698 shares of the aerospace company’s stock worth $341,000 after acquiring an additional 34 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of Curtiss-Wright by 2.3% in the 2nd quarter. Snowden Capital Advisors LLC now owns 1,535 shares of the aerospace company’s stock worth $750,000 after acquiring an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

CW has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Truist Financial upped their target price on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Stifel Nicolaus decreased their price target on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Finally, Citigroup assumed coverage on Curtiss-Wright in a research note on Thursday, December 11th. They issued a “neutral” rating and a $607.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $585.50.

Curtiss-Wright Stock Down 0.7%

Shares of NYSE CW opened at $558.25 on Wednesday. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $612.28. The firm has a market capitalization of $20.59 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 2.95 and a beta of 0.93. The stock has a 50 day moving average price of $560.93 and a 200 day moving average price of $521.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The business had revenue of $869.00 million during the quarter, compared to analyst estimates of $869.03 million. During the same period in the previous year, the company posted $2.89 EPS. Curtiss-Wright’s revenue was up 8.8% on a year-over-year basis. Sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio is 7.82%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 118 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $575.00, for a total transaction of $67,850.00. Following the transaction, the vice president owned 3,570 shares of the company’s stock, valued at approximately $2,052,750. This trade represents a 3.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Profile

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.