Curtiss-Wright Co. (NYSE:CW) Shares Bought by Cwm LLC

Cwm LLC grew its stake in Curtiss-Wright Co. (NYSE:CW) by 84.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,228 shares of the aerospace company’s stock after buying an additional 563 shares during the quarter. Cwm LLC’s holdings in Curtiss-Wright were worth $404,000 as of its most recent SEC filing.

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

Curtiss-Wright Trading Up 0.4 %

Shares of CW stock opened at $364.34 on Monday. Curtiss-Wright Co. has a fifty-two week low of $194.46 and a fifty-two week high of $366.59. 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 stock’s fifty day moving average is $320.07 and its two-hundred day moving average is $288.49. The firm has a market capitalization of $13.95 billion, a P/E ratio of 37.52 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. Curtiss-Wright’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.15 earnings per share. Research analysts expect that Curtiss-Wright Co. will post 10.56 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CW. Robert W. Baird upped their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Truist Financial lifted their target price on shares of Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a research report on Friday. Finally, Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.75.

Insider Buying and Selling

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the company’s 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 sale, the director now directly owns 1,382 shares in the company, valued at $418,469.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

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.