Daiwa Securities Group Inc. Invests $73,000 in Curtiss-Wright Co. (NYSE:CW)

Daiwa Securities Group Inc. purchased a new position in shares of Curtiss-Wright Co. (NYSE:CW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 270 shares of the aerospace company’s stock, valued at approximately $73,000.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in Curtiss-Wright during the fourth quarter worth $113,885,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Curtiss-Wright by 30,079.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after acquiring an additional 301,394 shares during the period. Assenagon Asset Management S.A. acquired a new position in Curtiss-Wright during the second quarter worth $41,383,000. Public Employees Retirement Association of Colorado grew its holdings in Curtiss-Wright by 1,901.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock worth $33,502,000 after acquiring an additional 142,863 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its holdings in Curtiss-Wright by 41.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after acquiring an additional 103,780 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling

In related news, Director Glenda J. Minor sold 500 shares of the 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 transaction, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 120 shares of company stock worth $27,914. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on CW. Truist Financial upped their target price on Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, May 22nd. Stifel Nicolaus upped their target price on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, July 18th. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. Robert W. Baird upped their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, Morgan Stanley upped their target price on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. One investment 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 data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $307.50.

Curtiss-Wright Stock Up 0.9 %

Shares of NYSE:CW opened at $315.32 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a 52-week low of $190.64 and a 52-week high of $318.20. The stock’s fifty day simple moving average is $293.09 and its 200-day simple moving average is $273.44. The company has a market capitalization of $12.08 billion, a P/E ratio of 32.47 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same period in the prior year, the business earned $2.15 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 10.55 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.27%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

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.