BCS Private Wealth Management Inc. Acquires New Shares in Curtiss-Wright Corporation $CW

BCS Private Wealth Management Inc. bought a new position in Curtiss-Wright Corporation (NYSE:CW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,173 shares of the aerospace company’s stock, valued at approximately $573,000.

Several other institutional investors have also made changes to their positions in CW. TD Asset Management Inc increased its holdings in Curtiss-Wright by 14.4% in 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. Massachusetts Financial Services Co. MA acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth $270,731,000. Norges Bank acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth $241,537,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Curtiss-Wright by 1.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 349,774 shares of the aerospace company’s stock valued at $166,713,000 after purchasing an additional 6,261 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Curtiss-Wright by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 340,007 shares of the aerospace company’s stock valued at $166,110,000 after purchasing an additional 59,003 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on CW. Stifel Nicolaus raised their target price on Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Truist Financial upped their target price on Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Curtiss-Wright in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $562.83.

Curtiss-Wright Stock Down 1.6%

Shares of CW stock opened at $539.27 on Wednesday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $612.28. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. The firm has a market cap of $19.89 billion, a PE ratio of 43.95, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93. The stock has a 50 day moving average of $558.69 and a 200-day moving average of $510.29.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.12. The business had revenue of $869.00 million for the quarter, compared to the consensus estimate of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. Curtiss-Wright’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $2.89 earnings per share. On average, equities analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio 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.