Donoghue Forlines LLC Purchases New Position in Curtiss-Wright Corporation $CW

Donoghue Forlines LLC acquired a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 5,730 shares of the aerospace company’s stock, valued at approximately $2,799,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CW. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Curtiss-Wright during the 2nd quarter worth approximately $933,000. Candriam S.C.A. bought a new position in Curtiss-Wright during the 2nd quarter worth $723,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Curtiss-Wright by 3.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 14,346 shares of the aerospace company’s stock worth $7,009,000 after buying an additional 536 shares in the last quarter. denkapparat Operations GmbH bought a new stake in shares of Curtiss-Wright in the second quarter valued at about $268,000. Finally, Tiemann Investment Advisors LLC bought a new stake in shares of Curtiss-Wright in the second quarter valued at about $230,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CW shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Truist Financial raised their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Stifel Nicolaus raised their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research note on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $562.83.

Curtiss-Wright Stock Performance

NYSE CW opened at $545.80 on Friday. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $612.28. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of 46.06, a P/E/G ratio of 3.41 and a beta of 1.12. 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’s 50 day simple moving average is $545.42 and its 200 day simple moving average is $488.09.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. During the same period in the prior year, the company earned $2.89 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright’s payout ratio is presently 7.82%.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

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.