Campbell Newman Asset Management Inc. Raises Stock Position in Curtiss-Wright Corporation $CW

Key Points

• Campbell Newman Asset Management Inc. increased its position in Curtiss-Wright Corporation by 7.1%, now owning 8,712 shares valued at approximately $4.26 million.
• In recent analyst activity, Truist Financial lowered its price target for Curtiss-Wright from $356.00 to $338.00 while Citigroup raised their target from $525.00 to $568.00, indicating mixed sentiment among analysts.
• Curtiss-Wright announced a quarterly dividend of $0.24 per share, representing a 0.2% yield, with an ex-dividend date of September 26th.

Campbell Newman Asset Management Inc. boosted its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,712 shares of the aerospace company's stock after purchasing an additional 577 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Curtiss-Wright were worth $4,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Squarepoint Ops LLC boosted its stake in Curtiss-Wright by 5.7% during the fourth quarter. Squarepoint Ops LLC now owns 904 shares of the aerospace company's stock valued at $321,000 after buying an additional 49 shares during the period. Toronto Dominion Bank raised its holdings in shares of Curtiss-Wright by 95.2% in the 4th quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company's stock valued at $314,000 after acquiring an additional 432 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Curtiss-Wright by 6.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,353 shares of the aerospace company's stock valued at $2,254,000 after acquiring an additional 405 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Curtiss-Wright by 165.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after purchasing an additional 124 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Curtiss-Wright by 326.7% in the first quarter. Versant Capital Management Inc now owns 559 shares of the aerospace company's stock worth $177,000 after purchasing an additional 428 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CW. Truist Financial cut their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Citigroup upped their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Stifel Nicolaus raised their price target 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 lifted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $468.14.

Curtiss-Wright Stock Up 0.9%

Shares of NYSE:CW opened at $531.00 on Tuesday. The stock has a market capitalization of $20.01 billion, a P/E ratio of 44.81, a price-to-earnings-growth ratio of 3.22 and a beta of 1.15. The stock's 50-day moving average price is $494.30 and its 200-day moving average price is $432.77. 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 Corporation has a 12-month low of $266.88 and a 12-month high of $538.37.

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

Curtiss-Wright Announces Dividend

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

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the sale, the vice president 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 at the SEC website. 0.55% of the stock is owned by corporate insiders.

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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