Securian Asset Management Inc. Purchases 100 Shares of Curtiss-Wright Corporation $CW

Securian Asset Management Inc. increased its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 3.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,944 shares of the aerospace company’s stock after buying an additional 100 shares during the period. Securian Asset Management Inc.’s holdings in Curtiss-Wright were worth $1,438,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CW. Nuveen LLC bought a new position in Curtiss-Wright during the first quarter worth $70,357,000. Bank of New York Mellon Corp raised its stake in Curtiss-Wright by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company’s stock worth $175,417,000 after buying an additional 104,393 shares during the last quarter. TD Asset Management Inc raised its stake in Curtiss-Wright by 14.4% during the second quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company’s stock worth $385,651,000 after buying an additional 99,643 shares during the last quarter. Millennium Management LLC raised its stake in Curtiss-Wright by 135.0% during the first quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company’s stock worth $48,910,000 after buying an additional 88,557 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in Curtiss-Wright by 2,460.9% during the first quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock worth $29,030,000 after buying an additional 87,927 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Activity

In other news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CW shares. Citigroup lifted their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Truist Financial lifted their price target on shares of Curtiss-Wright from $463.00 to $525.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $526.00.

Curtiss-Wright Stock Down 2.9%

Shares of NYSE CW opened at $536.82 on Thursday. The stock has a market capitalization of $20.23 billion, a P/E ratio of 45.30, a P/E/G ratio of 3.14 and a beta of 1.14. The company has a 50-day moving average price of $514.06 and a 200-day moving average price of $457.70. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $575.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.10. The firm had revenue of $876.58 million during the quarter, compared to analysts’ expectations of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $2.67 earnings per share. On average, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.10%.

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.