MGO One Seven LLC Has $384,000 Stake in Curtiss-Wright Corporation $CW

MGO One Seven LLC decreased its holdings in Curtiss-Wright Corporation (NYSE:CW) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 787 shares of the aerospace company’s stock after selling 35 shares during the period. MGO One Seven LLC’s holdings in Curtiss-Wright were worth $384,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CW. 1 North Wealth Services LLC acquired a new position in shares of Curtiss-Wright in the 1st quarter valued at about $32,000. Private Trust Co. NA grew its stake in shares of Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after buying an additional 138 shares in the last quarter. West Oak Capital LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter valued at approximately $49,000. Tsfg LLC grew its stake in shares of Curtiss-Wright by 112.7% in the 1st quarter. Tsfg LLC now owns 217 shares of the aerospace company’s stock valued at $69,000 after buying an additional 115 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of Curtiss-Wright in the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on CW shares. Truist Financial boosted their price target on Curtiss-Wright from $463.00 to $525.00 and gave the company a “hold” rating in a research note on Wednesday. Stifel Nicolaus boosted their price target on Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Citigroup boosted their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $519.57.

Curtiss-Wright Stock Down 1.0%

Shares of Curtiss-Wright stock opened at $544.71 on Friday. The stock has a market capitalization of $20.52 billion, a P/E ratio of 45.97, a PEG ratio of 3.09 and a beta of 1.14. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $510.79 and a two-hundred day moving average price of $453.49. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $575.07.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company had revenue of $876.58 million during the quarter, compared to analyst estimates of $855.10 million. During the same period in the previous year, the company earned $2.67 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s payout ratio is 8.10%.

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.