Algert Global LLC Increases Holdings in Curtiss-Wright Corporation $CW

Algert Global LLC lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 17.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,134 shares of the aerospace company’s stock after purchasing an additional 6,858 shares during the period. Curtiss-Wright comprises approximately 0.4% of Algert Global LLC’s investment portfolio, making the stock its 19th largest holding. Algert Global LLC owned 0.13% of Curtiss-Wright worth $25,048,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its position in shares of Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after acquiring an additional 17 shares during the period. Miracle Mile Advisors LLC raised its holdings in shares of Curtiss-Wright by 1.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock worth $554,000 after purchasing an additional 18 shares during the period. Huntington National Bank raised its holdings in shares of Curtiss-Wright by 9.5% in the 3rd quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 18 shares during the period. Banque Cantonale Vaudoise lifted its stake in Curtiss-Wright by 2.7% in the third quarter. Banque Cantonale Vaudoise now owns 974 shares of the aerospace company’s stock valued at $529,000 after purchasing an additional 26 shares during the last quarter. Finally, Journey Strategic Wealth LLC grew its holdings in Curtiss-Wright by 7.0% during the third quarter. Journey Strategic Wealth LLC now owns 444 shares of the aerospace company’s stock valued at $241,000 after purchasing an additional 29 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Down 3.8%

Shares of NYSE CW opened at $654.64 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a market cap of $24.14 billion, a P/E ratio of 50.87, a P/E/G ratio of 3.20 and a beta of 0.91. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $730.12. The business has a 50-day simple moving average of $663.82 and a two-hundred day simple moving average of $585.39.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. The firm had revenue of $946.98 million for the quarter, compared to the consensus estimate of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.27 earnings per share. Research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

Analysts Set New Price Targets

CW has been the subject of a number of recent research reports. Truist Financial set a $603.00 target price on Curtiss-Wright in a research report on Friday, January 9th. Stifel Nicolaus increased their price target on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Citigroup lifted their price objective on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Morgan Stanley restated an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research note on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $663.17.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP Gary A. Ogilby sold 625 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $624.32, for a total value of $390,200.00. Following the transaction, the vice president directly owned 2,571 shares in the company, valued at $1,605,126.72. This represents a 19.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kevin Rayment sold 2,634 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total value of $1,649,753.22. Following the completion of the sale, the chief operating officer directly owned 29,896 shares in the company, valued at approximately $18,724,761.68. The trade was a 8.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,269 shares of company stock valued at $10,797,098 in the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright 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.