Curtiss-Wright Corporation $CW Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 264,340 shares of the aerospace company’s stock after buying an additional 12,466 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.70% of Curtiss-Wright worth $129,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Creative Planning grew its holdings in Curtiss-Wright by 30.4% during the 2nd quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock valued at $2,722,000 after buying an additional 1,300 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Curtiss-Wright in the first quarter valued at $1,926,000. Spire Wealth Management boosted its stake in shares of Curtiss-Wright by 21.5% during the second quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock valued at $268,000 after acquiring an additional 97 shares during the last quarter. Massachusetts Wealth Management purchased a new stake in Curtiss-Wright during the 2nd quarter worth about $266,000. Finally, PNC Financial Services Group Inc. raised its stake in Curtiss-Wright by 47.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,641 shares of the aerospace company’s stock valued at $2,742,000 after purchasing an additional 2,766 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CW has been the topic of several analyst reports. 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. Truist Financial upped their price objective on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Stifel Nicolaus increased their price target on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research note on Monday, October 20th. Finally, Morgan Stanley upped their target price on Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $562.83.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $563.74 on Friday. The business has a 50-day moving average of $554.90 and a two-hundred day moving average of $501.28. The firm has a market capitalization of $20.79 billion, a PE ratio of 47.57, 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 current ratio of 1.95 and a quick ratio of 1.35. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $612.28.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.00 million during 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 company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.89 EPS. As a group, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a $0.24 dividend. 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 (DPR) is currently 7.82%.

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.