New Century Financial Group LLC Buys Shares of 422 Curtiss-Wright Corporation $CW

New Century Financial Group LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 422 shares of the aerospace company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Squarepoint Ops LLC raised its position in Curtiss-Wright by 5.7% in the fourth quarter. Squarepoint Ops LLC now owns 904 shares of the aerospace company’s stock valued at $321,000 after purchasing an additional 49 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Curtiss-Wright by 6.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,353 shares of the aerospace company’s stock worth $2,254,000 after acquiring an additional 405 shares during the period. Parallel Advisors LLC increased its position in shares of Curtiss-Wright by 27.8% during the first quarter. Parallel Advisors LLC now owns 294 shares of the aerospace company’s stock worth $93,000 after acquiring an additional 64 shares during the period. NBC Securities Inc. purchased a new stake in shares of Curtiss-Wright during the first quarter worth $263,000. Finally, Merit Financial Group LLC increased its position in shares of Curtiss-Wright by 83.2% during the first quarter. Merit Financial Group LLC now owns 1,083 shares of the aerospace company’s stock worth $344,000 after acquiring an additional 492 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the transaction, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $538.42 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $499.23 and a 200 day moving average price of $437.22. The company has a market cap of $20.29 billion, a P/E ratio of 45.44, a PEG ratio of 3.29 and a beta of 1.14. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $550.88.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data 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. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same quarter in the prior year, the firm posted $2.67 earnings per share. Curtiss-Wright’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright’s dividend payout ratio is currently 8.10%.

Analyst Ratings Changes

CW has been the topic of a number of recent research reports. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Truist Financial cut their price objective on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research report on Friday, July 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Saturday, September 27th. Morgan Stanley upped their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $468.14.

Curtiss-Wright Company 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.