658 Shares in Curtiss-Wright Corporation $CW Purchased by Optas LLC

Key Points

• Optas LLC has acquired 658 shares of Curtiss-Wright Corporation, valued at approximately $321,000.
• Insider John C. Watts sold 1,110 shares of Curtiss-Wright stock for approximately $533,355, representing a 22.32% decrease in his position.
• Curtiss-Wright recently announced a quarterly dividend of $0.24 per share, yielding 0.2%, set to be paid on October 10th.

Optas LLC purchased a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 658 shares of the aerospace company's stock, valued at approximately $321,000.

Other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in Curtiss-Wright during the first quarter valued at approximately $70,357,000. Bank of New York Mellon Corp raised its stake in Curtiss-Wright by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after buying an additional 104,393 shares in the last quarter. Millennium Management LLC raised its stake in Curtiss-Wright by 135.0% during the first 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 in the last quarter. Bank of Nova Scotia raised its stake in Curtiss-Wright by 2,460.9% during the first quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company's stock valued at $29,030,000 after buying an additional 87,927 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Curtiss-Wright by 25.6% during the first quarter. AQR Capital Management LLC now owns 266,445 shares of the aerospace company's stock valued at $81,761,000 after buying an additional 54,289 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares of the company's stock, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CW has been the topic of several research reports. 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. Citigroup upped their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Truist Financial cut their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Morgan Stanley increased their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $492.86.

Curtiss-Wright Stock Down 0.4%

Shares of Curtiss-Wright stock opened at $554.78 on Friday. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $561.49. The stock has a market capitalization of $20.90 billion, a price-to-earnings ratio of 46.82, a PEG ratio of 3.41 and a beta of 1.14. The business's 50 day simple moving average is $504.02 and its 200-day simple moving average is $443.34. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35.

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

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 26th. Curtiss-Wright's dividend payout ratio is 8.10%.

About Curtiss-Wright

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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