Advisors Asset Management Inc. Increases Holdings in Curtiss-Wright Corporation $CW

Advisors Asset Management Inc. raised its stake in Curtiss-Wright Corporation (NYSE:CW) by 12.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,778 shares of the aerospace company’s stock after acquiring an additional 2,051 shares during the period. Advisors Asset Management Inc.’s holdings in Curtiss-Wright were worth $9,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Penserra Capital Management LLC bought a new position in Curtiss-Wright in the 2nd quarter worth about $29,000. 1 North Wealth Services LLC bought a new position in shares of Curtiss-Wright in the first quarter worth approximately $32,000. West Oak Capital LLC purchased a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $49,000. Allworth Financial LP increased its position in shares of 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 acquiring an additional 67 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of Curtiss-Wright during the first quarter valued at approximately $69,000. 82.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CW has been the topic of several analyst reports. Morgan Stanley upped their price objective on Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Truist Financial raised their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a report on Friday, November 7th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $562.83.

Curtiss-Wright Stock Up 1.6%

CW stock opened at $555.16 on Wednesday. The company has a market cap of $20.47 billion, a price-to-earnings ratio of 46.85, a P/E/G ratio of 3.41 and a beta of 1.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The business’s 50-day moving average is $552.58 and its two-hundred day moving average is $500.40. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $612.28.

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

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a $0.24 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.82%.

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.