Belpointe Asset Management LLC Makes New Investment in Curtiss-Wright Corporation $CW

Belpointe Asset Management LLC purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 467 shares of the aerospace company’s stock, valued at approximately $228,000.

A number of other large investors also recently modified their holdings of CW. Cambridge Investment Research Advisors Inc. increased its stake in Curtiss-Wright by 98.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company’s stock worth $1,163,000 after purchasing an additional 1,817 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Curtiss-Wright by 100.4% in the 1st quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company’s stock valued at $362,000 after acquiring an additional 571 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Curtiss-Wright during the first quarter worth approximately $240,000. Janney Montgomery Scott LLC lifted its holdings in shares of Curtiss-Wright by 37.7% during the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company’s stock worth $1,159,000 after buying an additional 999 shares during the last quarter. Finally, Mission Wealth Management LP acquired a new position in shares of Curtiss-Wright in the first quarter valued at $206,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on CW shares. Morgan Stanley upped their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Stifel Nicolaus raised their price target on Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Truist Financial decreased their price objective on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a report on Friday, July 11th. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $492.86.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $539.07 on Friday. The company has a market cap of $20.31 billion, a PE ratio of 45.49, a price-to-earnings-growth ratio of 3.30 and a beta of 1.14. 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 $504.92 and a 200-day moving average price of $445.51. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $561.49.

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

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is 8.10%.

Insider Activity

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, the vice president owned 3,863 shares in the company, valued at $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 is available at this hyperlink. Company insiders own 0.55% of the company’s stock.

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.