Allspring Global Investments Holdings LLC Purchases 6,261 Shares of Curtiss-Wright Corporation $CW

Allspring Global Investments Holdings LLC boosted its position in Curtiss-Wright Corporation (NYSE:CW) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 349,774 shares of the aerospace company’s stock after acquiring an additional 6,261 shares during the period. Allspring Global Investments Holdings LLC owned 0.93% of Curtiss-Wright worth $166,713,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CW. Nuveen LLC bought a new stake in Curtiss-Wright in the 1st quarter worth $70,357,000. Bank of New York Mellon Corp grew its holdings in Curtiss-Wright by 23.3% in the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock worth $175,417,000 after acquiring an additional 104,393 shares during the last quarter. Millennium Management LLC grew its holdings in Curtiss-Wright by 135.0% in the 1st quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company’s stock worth $48,910,000 after acquiring an additional 88,557 shares during the last quarter. Bank of Nova Scotia grew its holdings in Curtiss-Wright by 2,460.9% in the 1st quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock worth $29,030,000 after acquiring an additional 87,927 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Curtiss-Wright by 25.6% in the 1st quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock worth $81,761,000 after acquiring an additional 54,289 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

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 shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CW shares. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Truist Financial dropped their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research report on Friday, July 11th. Finally, Citigroup raised their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $492.86.

Curtiss-Wright Stock Down 2.8%

NYSE:CW opened at $539.07 on Monday. The firm has a market cap of $20.31 billion, a P/E ratio of 45.49, a P/E/G ratio of 3.06 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $561.49. The firm has a 50-day simple moving average of $504.92 and a two-hundred day simple moving average of $446.35.

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

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was 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.