1832 Asset Management L.P. Has $20.83 Million Position in Curtiss-Wright Corporation $CW

1832 Asset Management L.P. lifted its position in Curtiss-Wright Corporation (NYSE:CW) by 2,688.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,630 shares of the aerospace company’s stock after buying an additional 41,101 shares during the quarter. 1832 Asset Management L.P. owned about 0.11% of Curtiss-Wright worth $20,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its position in Curtiss-Wright by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock worth $746,000 after buying an additional 22 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Curtiss-Wright by 0.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company’s stock worth $5,840,000 after acquiring an additional 30 shares during the last quarter. Huntington National Bank increased its position in Curtiss-Wright by 20.3% during the second quarter. Huntington National Bank now owns 190 shares of the aerospace company’s stock worth $93,000 after acquiring an additional 32 shares during the period. ANB Bank raised its stake in Curtiss-Wright by 5.1% during the 2nd quarter. ANB Bank now owns 698 shares of the aerospace company’s stock valued at $341,000 after purchasing an additional 34 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Curtiss-Wright by 53.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 35 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Curtiss-Wright in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Truist Financial upped their price target on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a report on Friday, November 7th. 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. Finally, Morgan Stanley boosted 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $562.83.

Curtiss-Wright Stock Performance

NYSE:CW opened at $550.99 on Friday. The stock has a 50 day simple moving average of $558.14 and a 200 day simple moving average of $506.44. The stock has a market cap of $20.32 billion, a P/E ratio of 44.91, a PEG ratio of 2.82 and a beta of 0.93. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $612.28. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. During the same quarter in the previous year, the firm posted $2.89 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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