AustralianSuper Pty Ltd Takes Position in Curtiss-Wright Corporation $CW

AustralianSuper Pty Ltd bought a new stake in Curtiss-Wright Corporation (NYSE:CW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,800 shares of the aerospace company’s stock, valued at approximately $12,922,000. AustralianSuper Pty Ltd owned 0.06% of Curtiss-Wright at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CW. Federated Hermes Inc. lifted its holdings in Curtiss-Wright by 18.1% in the 3rd quarter. Federated Hermes Inc. now owns 5,630 shares of the aerospace company’s stock worth $3,057,000 after buying an additional 863 shares in the last quarter. Truist Financial Corp increased its position in shares of Curtiss-Wright by 3.3% during the third quarter. Truist Financial Corp now owns 13,842 shares of the aerospace company’s stock worth $7,515,000 after acquiring an additional 445 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of Curtiss-Wright in the third quarter worth about $206,000. Belpointe Asset Management LLC grew its stake in Curtiss-Wright by 133.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,088 shares of the aerospace company’s stock valued at $591,000 after purchasing an additional 621 shares in the last quarter. Finally, Purkiss Capital Advisors LLC grew its stake in Curtiss-Wright by 10.1% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 503 shares of the aerospace company’s stock valued at $273,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.1%

Curtiss-Wright stock opened at $663.78 on Friday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $673.19. The firm’s 50-day moving average is $585.07 and its 200-day moving average is $543.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The company has a market cap of $24.48 billion, a P/E ratio of 54.10, a PEG ratio of 3.03 and a beta of 0.95.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data 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 net margin of 13.78% and a return on equity of 18.82%. The business had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. During the same quarter in the prior year, the firm earned $2.89 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CW shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research note on Friday, January 9th. Citigroup boosted their target price on shares of Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Stifel Nicolaus set a $625.00 price target on shares of Curtiss-Wright in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $612.33.

Insider Activity

In related news, EVP John C. Watts sold 288 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total transaction of $172,800.00. Following the completion of the transaction, the executive vice president owned 3,188 shares in the company, valued at $1,912,800. The trade was a 8.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 513 shares of company stock valued at $302,586. Company 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.