Curtiss-Wright Co. (NYSE:CW) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,681 shares of the aerospace company’s stock after purchasing an additional 242 shares during the quarter. Inspire Investing LLC’s holdings in Curtiss-Wright were worth $2,352,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in shares of Curtiss-Wright during the second quarter worth about $30,000. EverSource Wealth Advisors LLC increased its position in shares of Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 116 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth about $32,000. Finally, Sachetta LLC purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth about $45,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CW. Truist Financial lifted their target price 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 upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 12th. Morgan Stanley lifted their price target on Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Robert W. Baird lifted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus lifted their price target on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright has an average rating of “Buy” and an average target price of $307.50.

Insider Transactions at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction that occurred on 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 owns 1,382 shares of the company’s stock, valued at $418,469.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders acquired 120 shares of company stock worth $27,914. Company insiders own 0.67% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $313.60 on Thursday. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $293.91 and a two-hundred day moving average of $273.99. Curtiss-Wright Co. has a 52 week low of $190.64 and a 52 week high of $318.97. The company has a market cap of $12.01 billion, a P/E ratio of 32.30 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, topping the consensus estimate of $2.24 by $0.43. The business had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.15 earnings per share. As a group, analysts anticipate that Curtiss-Wright Co. will post 10.55 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

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.