Federated Hermes Inc. Buys 1,544 Shares of Curtiss-Wright Co. (NYSE:CW)

Federated Hermes Inc. increased its position in shares of Curtiss-Wright Co. (NYSE:CW) by 37.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,659 shares of the aerospace company’s stock after purchasing an additional 1,544 shares during the quarter. Federated Hermes Inc.’s holdings in Curtiss-Wright were worth $1,533,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Curtiss-Wright by 1,414.4% in the 1st quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company’s stock valued at $4,105,000 after purchasing an additional 14,979 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Curtiss-Wright by 38.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock valued at $19,524,000 after acquiring an additional 21,074 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Curtiss-Wright during the second quarter worth about $41,383,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Curtiss-Wright in the first quarter worth about $5,007,000. Finally, Cetera Advisors LLC boosted its stake in shares of Curtiss-Wright by 178.7% in the 1st quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock valued at $1,017,000 after purchasing an additional 2,548 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the sale, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders bought 120 shares of company stock worth $27,914. 0.67% of the stock is currently owned by insiders.

Curtiss-Wright Trading Up 3.3 %

CW opened at $328.45 on Friday. The company’s 50 day moving average price is $295.28 and its two-hundred day moving average price is $274.56. The firm has a market capitalization of $12.58 billion, a price-to-earnings ratio of 33.83 and a beta of 1.18. Curtiss-Wright Co. has a fifty-two week low of $190.64 and a fifty-two week high of $328.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Curtiss-Wright’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.15 earnings per share. As a group, research analysts predict that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Friday, September 27th. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Analysts Set New Price Targets

Several equities analysts recently commented on CW shares. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 12th. Finally, Robert W. Baird boosted their price objective 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 investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Buy” and an average target price of $307.50.

Curtiss-Wright 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.