Chicago Partners Investment Group LLC Takes $366,000 Position in Curtiss-Wright Corporation $CW

Key Points

• Chicago Partners Investment Group LLC has acquired a $366,000 stake in Curtiss-Wright Corporation, purchasing 763 shares in the 2nd quarter.
• Institutional investors currently hold 82.71% of Curtiss-Wright's stock, indicating robust institutional interest in the company.
• Curtiss-Wright recently reported an EPS of $3.23 for the quarter, surpassing analyst expectations and reflecting an 11.7% year-over-year revenue increase.

Chicago Partners Investment Group LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 763 shares of the aerospace company's stock, valued at approximately $366,000.

Several other large investors also recently made changes to their positions in CW. Nuveen LLC acquired a new stake in shares of Curtiss-Wright in the 1st quarter valued at about $70,357,000. Bank of New York Mellon Corp grew its stake in shares of Curtiss-Wright by 23.3% in 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 buying an additional 104,393 shares during the period. TD Asset Management Inc grew its stake in shares of Curtiss-Wright by 14.4% in the 2nd quarter. TD Asset Management Inc now owns 789,378 shares of the aerospace company's stock valued at $385,651,000 after buying an additional 99,643 shares during the period. Millennium Management LLC grew its stake in shares of 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 period. Finally, Bank of Nova Scotia grew its stake in shares of Curtiss-Wright by 2,460.9% in the 1st 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 during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Trading Up 4.2%

NYSE:CW opened at $559.09 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $21.07 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 3.04 and a beta of 1.14. The firm's 50 day moving average is $515.38 and its 200 day moving average is $459.57. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $575.07.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted 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. The company had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. Curtiss-Wright's revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.67 EPS. Sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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

Analysts Set New Price Targets

CW has been the subject of several research reports. Weiss Ratings restated a "buy (b)" rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Citigroup lifted their price target 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 lifted their price target on Curtiss-Wright from $463.00 to $525.00 and gave the company a "hold" rating in a research note on Wednesday, October 15th. Morgan Stanley lifted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price target on Curtiss-Wright from $457.00 to $502.00 and gave the company a "hold" rating in a research note on Monday. Six equities 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $526.00.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.55% of the company's stock.

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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