Curtiss-Wright Corporation $CW Stake Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,893 shares of the aerospace company’s stock after buying an additional 161 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Curtiss-Wright were worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. TD Asset Management Inc raised its holdings 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 purchasing an additional 99,643 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Curtiss-Wright by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock worth $175,417,000 after purchasing an additional 104,393 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in 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. AQR Capital Management LLC raised its holdings in Curtiss-Wright by 25.6% during the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock worth $81,761,000 after purchasing an additional 54,289 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Curtiss-Wright by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company’s stock worth $79,912,000 after purchasing an additional 14,684 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

NYSE CW opened at $571.01 on Monday. The stock has a market capitalization of $21.52 billion, a P/E ratio of 48.19, a P/E/G ratio of 3.24 and a beta of 1.14. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $575.07. The business’s fifty day moving average is $517.05 and its two-hundred day moving average is $463.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.10. The company had revenue of $876.58 million for the quarter, compared to analysts’ expectations of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.67 earnings per share. On average, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial boosted their target price on Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Friday. Finally, Morgan Stanley upped their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $526.00.

About Curtiss-Wright

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.