Daiwa Securities Group Inc. Boosts Stock Position in Curtiss-Wright Corporation $CW

Daiwa Securities Group Inc. boosted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,235 shares of the aerospace company’s stock after purchasing an additional 825 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.09% of Curtiss-Wright worth $17,770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CW. Atlantic Union Bankshares Corp purchased a new stake in Curtiss-Wright during the 3rd quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter worth approximately $31,000. Larson Financial Group LLC grew its position in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $43,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter worth approximately $43,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Down 1.2%

NYSE:CW opened at $734.28 on Friday. Curtiss-Wright Corporation has a 12-month low of $443.00 and a 12-month high of $760.72. The firm has a market capitalization of $27.12 billion, a P/E ratio of 53.79, a P/E/G ratio of 3.45 and a beta of 0.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. The business has a 50 day simple moving average of $719.93 and a 200 day simple moving average of $657.51.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. During the same quarter in the previous year, the firm posted $2.82 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts predict that Curtiss-Wright Corporation will post 15.15 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is 7.03%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,225 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the completion of the transaction, the chief executive officer owned 50,634 shares in the company, valued at approximately $34,264,027.80. The trade was a 5.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO K Christopher Farkas sold 918 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $677.46, for a total value of $621,908.28. Following the transaction, the chief financial officer owned 5,518 shares of the company’s stock, valued at $3,738,224.28. This trade represents a 14.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,181 shares of company stock worth $4,204,919 in the last ninety days. 0.51% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CW. Morgan Stanley reiterated an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Citigroup lifted their target price on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $746.67.

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.