Commonwealth Equity Services LLC Grows Position in Curtiss-Wright Corporation $CW

Commonwealth Equity Services LLC grew its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 28.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,797 shares of the aerospace company’s stock after acquiring an additional 6,186 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Curtiss-Wright were worth $15,092,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CW. Sage Investment Counsel LLC acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at approximately $213,000. SJS Investment Consulting Inc. increased its stake in shares of Curtiss-Wright by 1,840.0% in the third quarter. SJS Investment Consulting Inc. now owns 97 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 92 shares during the period. True Wealth Design LLC raised its stake in shares of Curtiss-Wright by 65.9% during the third quarter. True Wealth Design LLC now owns 272 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 108 shares in the last quarter. Trail Ridge Investment Advisors LLC lifted its position in Curtiss-Wright by 2.9% in the third quarter. Trail Ridge Investment Advisors LLC now owns 1,360 shares of the aerospace company’s stock worth $738,000 after purchasing an additional 38 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in shares of Curtiss-Wright by 1.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock valued at $554,000 after purchasing an additional 18 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP John C. Watts sold 288 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total value of $172,800.00. Following the sale, the executive vice president owned 3,188 shares of the company’s stock, valued at approximately $1,912,800. This trade represents a 8.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 513 shares of company stock worth $302,586 in the last ninety days. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CW shares. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Morgan Stanley restated an “overweight” rating and issued a $660.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Finally, Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $596.50.

Curtiss-Wright Stock Up 4.0%

Shares of Curtiss-Wright stock opened at $606.08 on Friday. The stock has a market cap of $22.35 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 2.75 and a beta of 0.95. The business has a fifty day simple moving average of $560.87 and a 200 day simple moving average of $527.05. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $612.28.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million for 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 business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $2.89 earnings per share. Research analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

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

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.