Fort Washington Investment Advisors Inc. OH raised its stake in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 88.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,979 shares of the aerospace company’s stock after purchasing an additional 24,371 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Curtiss-Wright were worth $28,267,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of CW. Jackson Thornton Wealth Management LLC raised its position in shares of Curtiss-Wright by 4.9% in the first quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 19 shares during the period. AIA Group Ltd boosted its holdings in shares of Curtiss-Wright by 0.6% during the 1st quarter. AIA Group Ltd now owns 3,412 shares of the aerospace company’s stock worth $2,324,000 after buying an additional 19 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Curtiss-Wright by 10.5% during the 1st quarter. Parallel Advisors LLC now owns 305 shares of the aerospace company’s stock worth $208,000 after buying an additional 29 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Curtiss-Wright by 0.7% during the 1st quarter. Private Advisor Group LLC now owns 4,686 shares of the aerospace company’s stock worth $3,192,000 after buying an additional 31 shares during the period. Finally, Cooper Financial Group boosted its holdings in shares of Curtiss-Wright by 9.3% during the 3rd quarter. Cooper Financial Group now owns 376 shares of the aerospace company’s stock worth $204,000 after buying an additional 32 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CW. Piper Sandler started coverage on shares of Curtiss-Wright in a research note on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Guggenheim started coverage on Curtiss-Wright in a report on Monday, September 14th. They set a “buy” rating and a $786.00 price objective for the company. Finally, Citigroup decreased their target price on Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $746.88.
Read Our Latest Research Report on Curtiss-Wright
Curtiss-Wright Price Performance
Shares of Curtiss-Wright stock opened at $501.84 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Curtiss-Wright Corporation has a twelve month low of $490.05 and a twelve month high of $808.16. The company has a 50-day simple moving average of $583.29 and a two-hundred day simple moving average of $681.09.
Curtiss-Wright (NYSE:CW – Get Free Report) last released its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same period in the prior year, the firm posted $3.23 EPS. Curtiss-Wright’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts forecast that Curtiss-Wright Corporation will post 15.27 EPS for the current year.
Curtiss-Wright Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, September 25th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio is currently 7.16%.
Insiders Place Their Bets
In other Curtiss-Wright news, Director Larry D. Wyche sold 100 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Watts sold 1,035 shares of Curtiss-Wright stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the transaction, the executive vice president owned 2,736 shares in the company, valued at approximately $1,694,842.56. The trade was a 27.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.51% of the company’s stock.
Curtiss-Wright Profile
Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.
Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.
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