JPMorgan Chase & Co. Has $100.57 Million Position in Curtiss-Wright Corporation $CW

JPMorgan Chase & Co. boosted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,218 shares of the aerospace company’s stock after purchasing an additional 7,022 shares during the period. JPMorgan Chase & Co.’s holdings in Curtiss-Wright were worth $100,567,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in Curtiss-Wright in the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Curtiss-Wright during the second quarter worth $27,000. Larson Financial Group LLC boosted its stake in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares in the last quarter. First Horizon Corp bought a new stake in Curtiss-Wright during the third quarter worth about $34,000. Finally, Sunbelt Securities Inc. bought a new stake in Curtiss-Wright during the 3rd quarter worth approximately $43,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Price Performance

NYSE CW opened at $678.85 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $730.12. The business has a 50 day simple moving average of $667.50 and a 200 day simple moving average of $588.88. The stock has a market cap of $25.03 billion, a price-to-earnings ratio of 52.75, a PEG ratio of 3.33 and a beta of 0.91.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the prior year, the company earned $3.27 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s payout ratio is 7.46%.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 9,327 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the transaction, the chief executive officer directly owned 46,192 shares of the company’s stock, valued at $28,936,978.40. This trade represents a 16.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO K Christopher Farkas sold 2,665 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the sale, the chief financial officer directly owned 7,358 shares in the company, valued at approximately $4,608,536.14. This represents a 26.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 17,269 shares of company stock valued at $10,797,098 in the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CW has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Citigroup lifted their target price on Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Stifel Nicolaus upped their price target on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Truist Financial set a $603.00 price target on Curtiss-Wright in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $663.17.

Curtiss-Wright Company 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.