Curtiss-Wright Co. (NYSE:CW) Stock Holdings Lifted by Blue Trust Inc.

Blue Trust Inc. raised its position in shares of Curtiss-Wright Co. (NYSE:CWFree Report) by 835.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346 shares of the aerospace company’s stock after purchasing an additional 309 shares during the period. Blue Trust Inc.’s holdings in Curtiss-Wright were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Curtiss-Wright during the 1st quarter worth $457,000. Allspring Global Investments Holdings LLC boosted its holdings in Curtiss-Wright by 38.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock valued at $19,524,000 after acquiring an additional 21,074 shares during the period. State of Michigan Retirement System grew its position in shares of Curtiss-Wright by 2.2% in the first quarter. State of Michigan Retirement System now owns 9,361 shares of the aerospace company’s stock valued at $2,396,000 after purchasing an additional 200 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Curtiss-Wright in the first quarter worth about $256,000. Finally, Norden Group LLC lifted its position in shares of Curtiss-Wright by 1,032.2% during the 1st quarter. Norden Group LLC now owns 22,712 shares of the aerospace company’s stock worth $5,814,000 after purchasing an additional 20,706 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 1.2 %

Shares of CW opened at $349.71 on Tuesday. The business’s 50 day simple moving average is $326.17 and its 200-day simple moving average is $292.74. Curtiss-Wright Co. has a one year low of $195.14 and a one year high of $367.55. The company has a market capitalization of $13.39 billion, a P/E ratio of 36.02 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42.

Curtiss-Wright (NYSE:CWGet Free Report) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The company had revenue of $785.00 million for the quarter, compared to analysts’ expectations of $735.82 million. During the same quarter in the prior year, the business earned $2.15 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, sell-side analysts predict that Curtiss-Wright Co. will post 10.56 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CW. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Truist Financial raised their price objective on shares of Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird raised their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.75.

Get Our Latest Report on CW

Insider Transactions at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now owns 1,382 shares in the company, valued at $418,469.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Profile

(Free Report)

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

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Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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