Curtiss-Wright Corporation $CW Stock: Inspire Investing LLC Boosts Holdings

Inspire Investing LLC raised its holdings in Curtiss-Wright Corporation (NYSE:CW) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,440 shares of the aerospace company’s stock after buying an additional 1,320 shares during the quarter. Inspire Investing LLC’s holdings in Curtiss-Wright were worth $7,853,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CW. Cadinha & Co. LLC boosted its position in shares of Curtiss-Wright by 5.0% during the 3rd quarter. Cadinha & Co. LLC now owns 2,603 shares of the aerospace company’s stock valued at $1,416,000 after acquiring an additional 125 shares in the last quarter. Cardinal Capital Management increased its stake in Curtiss-Wright by 1.1% in the third quarter. Cardinal Capital Management now owns 10,342 shares of the aerospace company’s stock valued at $5,627,000 after acquiring an additional 113 shares during the period. Crossmark Global Holdings Inc. increased its stake in Curtiss-Wright by 2.3% in the third quarter. Crossmark Global Holdings Inc. now owns 3,076 shares of the aerospace company’s stock valued at $1,673,000 after acquiring an additional 69 shares during the period. Wavvest Wealth LLC acquired a new position in Curtiss-Wright in the third quarter worth about $1,255,000. Finally, Nisa Investment Advisors LLC raised its position in Curtiss-Wright by 5.1% in the third quarter. Nisa Investment Advisors LLC now owns 2,689 shares of the aerospace company’s stock worth $1,463,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Down 2.2%

CW opened at $464.02 on Friday. The firm’s 50-day simple moving average is $557.88 and its 200-day simple moving average is $673.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. Curtiss-Wright Corporation has a twelve month low of $453.42 and a twelve month high of $808.16. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 1.98 and a beta of 0.88.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. During the same quarter last year, the company posted $3.23 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Curtiss-Wright Corporation will post 15.33 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a dividend of $0.26 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 25th. Curtiss-Wright’s payout ratio is currently 7.16%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Morgan Stanley lowered their price objective on Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Stifel Nicolaus dropped their target price on Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating for the company in a report on Monday, October 19th. Finally, Guggenheim initiated coverage on Curtiss-Wright in a research report on Monday, September 14th. They set a “buy” rating and a $786.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $676.38.

Insider Activity at Curtiss-Wright

In other news, EVP John Watts sold 1,035 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the sale, the executive vice president owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the transaction, the director owned 1,414 shares of the company’s stock, valued at $843,790.36. This trade represents a 6.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.51% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.