Ameritas Investment Partners Inc. Sells 92 Shares of Curtiss-Wright Corporation $CW

Ameritas Investment Partners Inc. trimmed its position in Curtiss-Wright Corporation (NYSE:CW) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,018 shares of the aerospace company’s stock after selling 92 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Curtiss-Wright were worth $3,917,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new stake in Curtiss-Wright in the 2nd quarter worth approximately $29,000. 1 North Wealth Services LLC bought a new position in shares of Curtiss-Wright in the first quarter worth $32,000. West Oak Capital LLC purchased a new stake in shares of Curtiss-Wright in the second quarter worth $49,000. Allworth Financial LP boosted its stake in Curtiss-Wright by 155.8% during the second quarter. Allworth Financial LP now owns 110 shares of the aerospace company’s stock valued at $54,000 after buying an additional 67 shares during the period. Finally, True Wealth Design LLC boosted its stake in Curtiss-Wright by 1,540.0% during the second quarter. True Wealth Design LLC now owns 164 shares of the aerospace company’s stock valued at $80,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $546.76 on Tuesday. The company has a 50-day simple moving average of $551.73 and a two-hundred day simple moving average of $499.20. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $612.28. The firm has a market cap of $20.16 billion, a price-to-earnings ratio of 46.14, a PEG ratio of 3.41 and a beta of 1.12.

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

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis 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 7.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CW shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Truist Financial boosted their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Finally, Morgan Stanley raised their price objective on shares of Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.