Curtiss-Wright Corporation $CW Stake Boosted by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 914.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,679 shares of the aerospace company’s stock after purchasing an additional 18,641 shares during the quarter. Baird Financial Group Inc. owned approximately 0.05% of Curtiss-Wright worth $10,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company’s stock valued at $746,000 after buying an additional 22 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in 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 lifted its holdings in Curtiss-Wright by 20.3% in 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 last quarter. ANB Bank boosted its stake in Curtiss-Wright by 5.1% in the second quarter. ANB Bank now owns 698 shares of the aerospace company’s stock valued at $341,000 after acquiring an additional 34 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Curtiss-Wright by 53.8% during the second 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 and hedge funds.

Curtiss-Wright Stock Down 1.1%

CW opened at $543.88 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The company has a market capitalization of $20.06 billion, a PE ratio of 44.33, a P/E/G ratio of 2.86 and a beta of 0.93. The stock’s fifty day moving average is $558.46 and its 200-day moving average is $508.58. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $612.28.

Curtiss-Wright (NYSE:CW) last released 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. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The firm had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. During the same period in the previous year, the company earned $2.89 earnings per share. Curtiss-Wright’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio is currently 7.82%.

Wall Street Analyst Weigh In

CW has been the topic of several recent research reports. Stifel Nicolaus raised their price target on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Morgan Stanley raised 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Curtiss-Wright in a report on Monday, December 1st. Truist Financial increased their price objective on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Five 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 stock currently has an average rating of “Moderate Buy” and an average target price of $562.83.

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.