Envestnet Asset Management Inc. lifted its holdings in Curtiss-Wright Co. (NYSE:CW – Free Report) by 19.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,491 shares of the aerospace company’s stock after purchasing an additional 6,266 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of Curtiss-Wright worth $7,069,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. First Hawaiian Bank grew its holdings in shares of Curtiss-Wright by 1.2% in the second quarter. First Hawaiian Bank now owns 5,136 shares of the aerospace company’s stock valued at $943,000 after purchasing an additional 60 shares in the last quarter. Pathstone Family Office LLC lifted its stake in Curtiss-Wright by 2.6% in the third quarter. Pathstone Family Office LLC now owns 2,505 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 63 shares during the last quarter. Signaturefd LLC lifted its stake in Curtiss-Wright by 26.8% in the first quarter. Signaturefd LLC now owns 303 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 64 shares during the last quarter. New Hampshire Trust lifted its stake in Curtiss-Wright by 5.8% in the second quarter. New Hampshire Trust now owns 1,245 shares of the aerospace company’s stock worth $229,000 after acquiring an additional 68 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Curtiss-Wright by 4.4% in the first quarter. Quantinno Capital Management LP now owns 1,802 shares of the aerospace company’s stock worth $318,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.
Wall Street Analysts Forecast Growth
CW has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $200.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Morgan Stanley upgraded shares of Curtiss-Wright from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $188.00 to $229.00 in a research note on Monday, August 7th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Truist Financial lifted their price target on shares of Curtiss-Wright from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $221.50.
Curtiss-Wright Stock Down 0.4 %
Shares of NYSE:CW opened at $210.25 on Friday. The company has a market capitalization of $8.04 billion, a PE ratio of 23.60 and a beta of 1.19. The company has a current ratio of 1.99, a quick ratio of 1.30 and a debt-to-equity ratio of 0.48. Curtiss-Wright Co. has a twelve month low of $156.76 and a twelve month high of $216.54. The firm has a 50 day simple moving average of $202.09 and a 200-day simple moving average of $190.26.
Curtiss-Wright (NYSE:CW – Get Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.12. The business had revenue of $724.33 million during the quarter, compared to the consensus estimate of $682.88 million. Curtiss-Wright had a net margin of 12.20% and a return on equity of 16.85%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.07 EPS. On average, equities analysts predict that Curtiss-Wright Co. will post 9.14 EPS for the current fiscal year.
Curtiss-Wright Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 22nd will be issued a $0.20 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.38%. Curtiss-Wright’s payout ratio is 8.98%.
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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