Fort Washington Investment Advisors Inc. OH Has $17.24 Million Position in Curtiss-Wright Corporation $CW

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,751 shares of the aerospace company’s stock after purchasing an additional 1,968 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Curtiss-Wright were worth $17,239,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CW. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Curtiss-Wright during the second quarter valued at about $27,000. Penserra Capital Management LLC acquired a new position in Curtiss-Wright during the 2nd quarter valued at about $29,000. 1 North Wealth Services LLC acquired a new position in Curtiss-Wright during the 1st quarter valued at about $32,000. West Oak Capital LLC bought a new stake in Curtiss-Wright during the 2nd quarter worth approximately $49,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Curtiss-Wright by 53.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 35 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Trading Down 0.7%

NYSE CW opened at $558.25 on Wednesday. The business’s fifty day moving average is $560.93 and its 200-day moving average is $521.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The stock 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. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $612.28.

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

Curtiss-Wright Announces Dividend

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

Wall Street Analysts Forecast Growth

CW has been the topic of several analyst reports. Stifel Nicolaus cut their target price on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Wall Street Zen downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Truist Financial increased their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a report on Friday, November 7th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Finally, Citigroup started coverage on shares of Curtiss-Wright in a research report on Thursday, December 11th. They issued a “neutral” rating and a $607.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $585.50.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 118 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $575.00, for a total transaction of $67,850.00. Following the completion of the transaction, the vice president directly owned 3,570 shares of the company’s stock, valued at approximately $2,052,750. This represents a 3.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Company 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.