Wedbush Securities Inc. Purchases New Shares in Curtiss-Wright Corporation $CW

Wedbush Securities Inc. bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 427 shares of the aerospace company’s stock, valued at approximately $209,000.

A number of other hedge funds have also bought and sold shares of the business. Nuveen LLC bought a new position in shares of Curtiss-Wright during the 1st quarter valued at approximately $70,357,000. TD Asset Management Inc grew its holdings 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 valued at $385,651,000 after purchasing an additional 99,643 shares during the period. Millennium Management LLC increased its position in Curtiss-Wright by 135.0% in 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. Bank of Nova Scotia grew its stake in shares of Curtiss-Wright by 2,460.9% during the 1st quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock worth $29,030,000 after acquiring an additional 87,927 shares during the period. Finally, AQR Capital Management LLC raised its stake in Curtiss-Wright by 25.6% in the 1st quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company’s stock valued at $81,761,000 after acquiring an additional 54,289 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CW. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Truist Financial lifted their target price on Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a report on Friday, November 7th. Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Morgan Stanley upped their target price on shares of Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a report on Monday. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $562.83.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the transaction, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

CW opened at $545.80 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $20.13 billion, a P/E ratio of 46.06, a PEG ratio of 3.41 and a beta of 1.12. The stock has a 50-day moving average price of $545.42 and a 200-day moving average price of $488.09. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $612.28.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. During the same quarter last year, the company earned $2.89 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. Equities analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.82%.

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.