Commonwealth Equity Services LLC Raises Stock Position in Curtiss-Wright Corporation $CW

Commonwealth Equity Services LLC boosted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 28.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,797 shares of the aerospace company’s stock after purchasing an additional 6,186 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.07% of Curtiss-Wright worth $15,092,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc increased its stake in Curtiss-Wright by 14.4% during the second quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock worth $385,651,000 after acquiring an additional 99,643 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Curtiss-Wright during the second quarter valued at $270,731,000. Norges Bank purchased a new stake in shares of Curtiss-Wright in the 2nd quarter worth approximately $241,537,000. AQR Capital Management LLC lifted its stake in shares of Curtiss-Wright by 45.8% during the 2nd quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock worth $189,468,000 after purchasing an additional 122,048 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Curtiss-Wright by 1.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock worth $166,713,000 after purchasing an additional 6,261 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup began coverage on shares of Curtiss-Wright in a research note on Thursday, December 11th. They issued a “neutral” rating and a $607.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research note on Friday. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus target price of $596.50.

Curtiss-Wright Stock Up 4.0%

CW opened at $606.08 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. The company has a market cap of $22.35 billion, a PE ratio of 49.40, a P/E/G ratio of 2.75 and a beta of 0.95. The business has a 50 day moving average price of $560.87 and a two-hundred day moving average price of $527.05. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $612.28.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. During the same quarter last year, the business earned $2.89 EPS. The business’s revenue was up 8.8% on a year-over-year basis. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $0.24 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio is currently 7.82%.

Insider Buying and Selling

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $600.00, for a total transaction of $172,800.00. Following the completion of the transaction, the executive vice president directly owned 3,188 shares in the company, valued at approximately $1,912,800. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 513 shares of company stock valued at $302,586. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.