629 Shares in Curtiss-Wright Corporation $CW Acquired by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC has acquired a new position in Curtiss-Wright Corporation by purchasing 629 shares valued at approximately $307,000.
• Numerous institutional investors, including GAMMA Investing LLC and Nuveen LLC, have significantly increased their stakes in Curtiss-Wright, leading to 82.71% institutional ownership of the company's stock.
• Curtiss-Wright reported earnings per share of $3.23 for the last quarter, exceeding analysts' expectations, with a revenue increase of 11.7% year-over-year.

Ballentine Partners LLC bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 629 shares of the aerospace company's stock, valued at approximately $307,000.

A number of other institutional investors also recently modified their holdings of CW. GAMMA Investing LLC grew its stake in Curtiss-Wright by 44,878.7% in the 1st quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock valued at $82,340,000 after buying an additional 258,950 shares during the last quarter. Nuveen LLC bought a new position in shares of Curtiss-Wright in the first quarter worth about $70,357,000. Wedge Capital Management L L P NC bought a new stake in Curtiss-Wright during the 1st quarter valued at approximately $55,639,000. Bank of New York Mellon Corp boosted its stake in Curtiss-Wright by 23.3% during the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after purchasing an additional 104,393 shares during the period. Finally, Millennium Management LLC grew its holdings in Curtiss-Wright by 135.0% in the 1st quarter. Millennium Management LLC now owns 154,158 shares of the aerospace company's stock valued at $48,910,000 after buying an additional 88,557 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Insider Activity

In other news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CW. Stifel Nicolaus increased their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Morgan Stanley increased their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Citigroup upped their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Truist Financial decreased their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $468.14.

Curtiss-Wright Stock Performance

NYSE CW opened at $527.86 on Monday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $532.22. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The stock has a market cap of $19.89 billion, a P/E ratio of 44.55, a PEG ratio of 3.22 and a beta of 1.15. The company's 50-day simple moving average is $493.30 and its 200 day simple moving average is $431.31.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $876.58 million during the quarter, compared to analysts' expectations of $855.10 million. During the same quarter last year, the company earned $2.67 earnings per share. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright's dividend payout ratio is currently 8.10%.

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.

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