Dakota Wealth Management Makes New $1.22 Million Investment in Curtiss-Wright Corporation $CW

Dakota Wealth Management purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,213 shares of the aerospace company’s stock, valued at approximately $1,220,000.

A number of other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of Curtiss-Wright by 10.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after buying an additional 20,379 shares during the period. Sivia Capital Partners LLC purchased a new position in Curtiss-Wright during the 2nd quarter valued at about $235,000. Global Retirement Partners LLC purchased a new position in Curtiss-Wright during the 2nd quarter valued at about $313,000. CreativeOne Wealth LLC acquired a new position in Curtiss-Wright in the 2nd quarter valued at about $236,000. Finally, XTX Topco Ltd purchased a new stake in Curtiss-Wright during the second quarter worth about $872,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a report on Friday, January 9th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $663.17.

Curtiss-Wright Stock Performance

Shares of CW opened at $663.40 on Monday. The stock has a 50-day simple moving average of $677.18 and a 200-day simple moving average of $600.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The stock has a market capitalization of $24.49 billion, a PE ratio of 51.55, a PEG ratio of 3.23 and a beta of 0.91. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $730.12.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.27 earnings per share. On average, analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s payout ratio is 7.46%.

Insider Buying and Selling

In other news, VP Gary A. Ogilby sold 252 shares of Curtiss-Wright stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total transaction of $173,663.28. Following the completion of the sale, the vice president directly owned 2,571 shares of the company’s stock, valued at approximately $1,771,778.94. The trade was a 8.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kevin Rayment sold 907 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total transaction of $614,383.66. Following the transaction, the chief operating officer owned 31,493 shares of the company’s stock, valued at approximately $21,332,728.34. The trade was a 2.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 23,112 shares of company stock worth $14,768,527. Corporate 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.