Hennion & Walsh Asset Management Inc. Purchases 491 Shares of Curtiss-Wright Co. (NYSE:CW)

Hennion & Walsh Asset Management Inc. grew its position in Curtiss-Wright Co. (NYSE:CW) by 18.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,152 shares of the aerospace company’s stock after purchasing an additional 491 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Curtiss-Wright were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its position in shares of Curtiss-Wright by 7.8% during the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 29 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Curtiss-Wright by 1.7% during the first quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock worth $687,000 after acquiring an additional 45 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Curtiss-Wright by 4.5% during the second quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock worth $289,000 after acquiring an additional 46 shares during the last quarter. Dorsey Wright & Associates raised its stake in Curtiss-Wright by 0.4% during the second quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock valued at $3,523,000 after purchasing an additional 47 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Curtiss-Wright by 2.5% during 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 in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Trading Up 0.4 %

Shares of CW opened at $345.68 on Monday. Curtiss-Wright Co. has a twelve month low of $194.46 and a twelve month high of $367.55. The company has a market cap of $13.24 billion, a P/E ratio of 35.60 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $325.23 and its 200-day simple moving average is $292.05.

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

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is presently 8.65%.

Insider Buying and Selling

In related news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CW. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird increased their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Truist Financial increased their target price on shares of Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.75.

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.