Curtiss-Wright Corporation $CW Shares Bought by Creative Planning

Creative Planning raised its holdings in Curtiss-Wright Corporation (NYSE:CW) by 30.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,572 shares of the aerospace company’s stock after buying an additional 1,300 shares during the period. Creative Planning’s holdings in Curtiss-Wright were worth $2,722,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new position in Curtiss-Wright in the second quarter valued at $270,731,000. Nuveen LLC acquired a new stake in Curtiss-Wright in the 1st quarter valued at about $70,357,000. TD Asset Management Inc boosted its stake in shares of Curtiss-Wright by 14.4% in the 2nd quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock valued at $385,651,000 after buying an additional 99,643 shares during the period. Millennium Management LLC grew its position in shares of Curtiss-Wright by 135.0% during the first quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company’s stock worth $48,910,000 after buying an additional 88,557 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of Curtiss-Wright by 2,460.9% during the first quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock worth $29,030,000 after buying an additional 87,927 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.0%

Shares of Curtiss-Wright stock opened at $535.57 on Monday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $551.18 and a 200-day simple moving average of $498.01. The stock has a market cap of $19.75 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 3.41 and a beta of 1.12. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $612.28.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.89 earnings per share. On average, equities analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research note on Monday, October 20th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Morgan Stanley lifted their price target on Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $562.83.

About Curtiss-Wright

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.