Choreo LLC Purchases New Shares in Curtiss-Wright Co. (NYSE:CW)

Choreo LLC purchased a new stake in Curtiss-Wright Co. (NYSE:CW) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,721 shares of the aerospace company’s stock, valued at approximately $466,000.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its stake in shares of Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 116 shares during the last quarter. Creekmur Asset Management LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $32,000. Finally, Sachetta LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at approximately $45,000. 82.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CW shares. Morgan Stanley boosted their price objective on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Truist Financial upped their price target on Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Robert W. Baird upped their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Curtiss-Wright has a consensus rating of “Buy” and an average price target of $307.50.

Curtiss-Wright Stock Up 2.0 %

CW stock opened at $309.95 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 31.92 and a beta of 1.18. The business’s fifty day moving average price is $292.30 and its two-hundred day moving average price is $272.91. Curtiss-Wright Co. has a fifty-two week low of $190.64 and a fifty-two week high of $318.20.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.43. The business had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. Curtiss-Wright’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $2.15 earnings per share. On average, equities analysts anticipate that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s payout ratio is 8.65%.

Insider Activity

In other news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now directly owns 1,382 shares of the company’s stock, valued at $418,469.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have bought 120 shares of company stock valued at $27,914. 0.67% of the stock is currently owned by corporate insiders.

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.