RFG Advisory LLC Makes New Investment in Curtiss-Wright Corporation $CW

RFG Advisory LLC bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 438 shares of the aerospace company’s stock, valued at approximately $214,000.

A number of other large investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC bought a new position in Curtiss-Wright during the 2nd quarter worth approximately $293,000. NorthRock Partners LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth approximately $324,000. Atria Wealth Solutions Inc. raised its position in shares of Curtiss-Wright by 35.9% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 1,417 shares of the aerospace company’s stock worth $693,000 after purchasing an additional 374 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Curtiss-Wright by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,954 shares of the aerospace company’s stock worth $4,863,000 after purchasing an additional 999 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Curtiss-Wright by 1.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock worth $166,713,000 after purchasing an additional 6,261 shares during the period. Institutional investors own 82.71% of the company’s stock.

Insider Activity

In other news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Citigroup increased their price target on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Morgan Stanley increased their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Truist Financial increased their price target on Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $519.57.

Curtiss-Wright Stock Down 1.0%

CW opened at $544.71 on Monday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $575.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The stock has a market cap of $20.52 billion, a P/E ratio of 45.97, a P/E/G ratio of 3.09 and a beta of 1.14. The stock’s 50 day moving average price is $510.79 and its 200 day moving average price is $454.54.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 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 firm had revenue of $876.58 million for the quarter, compared to analysts’ expectations of $855.10 million. During the same period last year, the firm earned $2.67 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

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

Curtiss-Wright Company 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.