PFG Investments LLC Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

PFG Investments LLC bought a new stake in shares of Curtiss-Wright Co. (NYSE:CW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 740 shares of the aerospace company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its holdings in Curtiss-Wright by 1.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after buying an additional 45 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Curtiss-Wright by 4.5% in the second quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock valued at $289,000 after purchasing an additional 46 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Curtiss-Wright by 2.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after purchasing an additional 53 shares during the period. Quadrant Capital Group LLC grew its stake in Curtiss-Wright by 27.5% in the fourth quarter. Quadrant Capital Group LLC now owns 334 shares of the aerospace company’s stock worth $74,000 after purchasing an additional 72 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in Curtiss-Wright by 3.5% during the 2nd quarter. Private Advisor Group LLC now owns 2,185 shares of the aerospace company’s stock worth $592,000 after purchasing an additional 73 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CW has been the subject of several research reports. Stifel Nicolaus upped their target price on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Truist Financial raised their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Finally, StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Thursday. One 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, the company currently has an average rating of “Buy” and a consensus target price of $307.50.

Curtiss-Wright Stock Performance

CW stock opened at $309.95 on Friday. Curtiss-Wright Co. has a one year low of $190.64 and a one year high of $318.20. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 31.92 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. The firm has a 50-day simple moving average of $292.30 and a two-hundred day simple moving average of $272.64.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. During the same quarter in the prior year, the company posted $2.15 earnings per share. Curtiss-Wright’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts forecast that Curtiss-Wright Co. will post 10.55 EPS 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 paid a dividend of $0.21 per share. The ex-dividend date 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 8.65%.

Insider Activity at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the business’s 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 owns 1,382 shares in the company, valued at $418,469.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 120 shares of company stock valued at $27,914 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

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.