Integrated Wealth Concepts LLC Acquires 386 Shares of Curtiss-Wright Corporation $CW

Integrated Wealth Concepts LLC grew its holdings in Curtiss-Wright Corporation (NYSE:CW) by 21.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,178 shares of the aerospace company’s stock after purchasing an additional 386 shares during the period. Integrated Wealth Concepts LLC’s holdings in Curtiss-Wright were worth $691,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CW. Focus Partners Wealth bought a new stake in Curtiss-Wright in the 4th quarter worth about $241,000. Nomura Holdings Inc. bought a new stake in shares of Curtiss-Wright in the fourth quarter worth approximately $1,787,000. Quantinno Capital Management LP grew its stake in shares of Curtiss-Wright by 23.3% in the fourth quarter. Quantinno Capital Management LP now owns 24,531 shares of the aerospace company’s stock worth $8,705,000 after acquiring an additional 4,640 shares during the period. ProShare Advisors LLC grew its stake in shares of Curtiss-Wright by 6.3% in the fourth quarter. ProShare Advisors LLC now owns 1,775 shares of the aerospace company’s stock worth $630,000 after acquiring an additional 105 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Curtiss-Wright in the 4th quarter worth approximately $34,368,000. 82.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

CW has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Citigroup lifted their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Truist Financial cut their price target on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research note on Friday, July 11th. Morgan Stanley boosted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus boosted their price target on Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $468.14.

Curtiss-Wright Stock Performance

NYSE CW opened at $509.88 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $486.75 and a 200-day moving average price of $415.89. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $517.09. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 43.03, a price-to-earnings-growth ratio of 3.13 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating the consensus estimate of $3.13 by $0.10. The business had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.67 EPS. As a group, equities research analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.10%.

Curtiss-Wright Profile

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.