23,800 Shares in Curtiss-Wright Corporation $CW Purchased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd bought a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,800 shares of the aerospace company’s stock, valued at approximately $12,922,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Curtiss-Wright during the second quarter valued at approximately $27,000. Penserra Capital Management LLC acquired a new stake in Curtiss-Wright in the 2nd quarter valued at approximately $29,000. First Horizon Corp bought a new stake in Curtiss-Wright during the 3rd quarter valued at $34,000. Root Financial Partners LLC acquired a new position in Curtiss-Wright during the 3rd quarter worth $50,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of Curtiss-Wright by 1,840.0% in the third quarter. SJS Investment Consulting Inc. now owns 97 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, EVP John C. Watts sold 288 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total value of $172,800.00. Following the completion of the transaction, the executive vice president owned 3,188 shares in the company, valued at $1,912,800. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 513 shares of company stock worth $302,586 over the last three months. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CW. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Stifel Nicolaus set a $625.00 price objective on shares of Curtiss-Wright in a report on Friday, January 23rd. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Truist Financial set a $603.00 price target on Curtiss-Wright in a research note on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $612.33.

Curtiss-Wright Stock Down 0.1%

NYSE CW opened at $663.78 on Friday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $673.19. The company has a market capitalization of $24.48 billion, a P/E ratio of 54.10, a PEG ratio of 3.03 and a beta of 0.95. The company’s 50 day simple moving average is $585.07 and its 200 day simple moving average is $543.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The firm had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $2.89 earnings per share. Equities research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is 7.82%.

Curtiss-Wright Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.