Signaturefd LLC grew its stake in Curtiss-Wright Co. (NYSE:CW – Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 401 shares of the aerospace company’s stock after buying an additional 29 shares during the period. Signaturefd LLC’s holdings in Curtiss-Wright were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in CW. Tsfg LLC boosted its holdings in Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 67 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Curtiss-Wright by 5,050.0% in 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 in the last quarter. UMB Bank n.a. boosted its holdings in Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new position in Curtiss-Wright in the second quarter worth approximately $30,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Curtiss-Wright by 1,933.3% in 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 in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.
Insider Activity
In other news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is owned by company insiders.
Curtiss-Wright Stock Performance
Curtiss-Wright (NYSE:CW – Get Free Report) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $735.82 million. During the same period last year, the business posted $2.15 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, analysts anticipate that Curtiss-Wright Co. will post 10.56 EPS for the current year.
Curtiss-Wright Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Robert W. Baird increased their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus raised their target price on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Truist Financial raised their target price on Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a report on Friday, October 18th. Finally, StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $326.75.
Read Our Latest Stock Analysis on Curtiss-Wright
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.
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