Curtiss-Wright Corporation $CW Shares Acquired by Cresset Asset Management LLC

Cresset Asset Management LLC grew its position in Curtiss-Wright Corporation (NYSE:CW) by 71.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,469 shares of the aerospace company’s stock after acquiring an additional 1,027 shares during the quarter. Cresset Asset Management LLC’s holdings in Curtiss-Wright were worth $1,341,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CW. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright in the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Curtiss-Wright during the 2nd quarter worth $27,000. Penserra Capital Management LLC purchased a new stake in shares of Curtiss-Wright during the second quarter worth $29,000. First Horizon Corp purchased a new stake in shares of Curtiss-Wright during the third quarter worth $34,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Curtiss-Wright by 53.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after buying an additional 35 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CW. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Morgan Stanley reiterated an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a report on Friday, February 13th. Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Finally, Stifel Nicolaus increased their price target on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $663.17.

Curtiss-Wright Trading Up 3.6%

NYSE CW opened at $706.33 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. The stock has a market capitalization of $26.04 billion, a P/E ratio of 54.88, a PEG ratio of 3.32 and a beta of 0.91. The firm’s 50-day moving average is $653.87 and its two-hundred day moving average is $580.50. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $730.12.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same period last year, the business earned $3.27 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s payout ratio is presently 7.46%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,665 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the transaction, the chief financial officer directly owned 7,358 shares in the company, valued at $4,608,536.14. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kevin Rayment sold 2,634 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the transaction, the chief operating officer owned 29,896 shares of the company’s stock, valued at approximately $18,724,761.68. This represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 17,269 shares of company stock valued at $10,797,098 over the last ninety days. 0.55% of the stock is owned by 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.