Counterpoint Mutual Funds LLC Purchases New Position in Curtiss-Wright Corporation $CW

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in Curtiss-Wright Corporation, purchasing 1,603 shares valued at approximately $783,000 in the second quarter.
• Analysts have mixed opinions on Curtiss-Wright, with Morgan Stanley raising its target price from $405.00 to $550.00, while other firms have given varied ratings and price adjustments.
• Curtiss-Wright recently reported $3.23 EPS for the quarter, surpassing estimates and indicating an 11.7% year-over-year revenue increase to $876.58 million.

Counterpoint Mutual Funds LLC purchased a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,603 shares of the aerospace company's stock, valued at approximately $783,000.

A number of other large investors have also recently modified their holdings of CW. ProShare Advisors LLC boosted its holdings in shares of Curtiss-Wright by 6.3% in the fourth quarter. ProShare Advisors LLC now owns 1,775 shares of the aerospace company's stock valued at $630,000 after purchasing an additional 105 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Curtiss-Wright by 5.7% in the fourth quarter. Squarepoint Ops LLC now owns 904 shares of the aerospace company's stock valued at $321,000 after purchasing an additional 49 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Curtiss-Wright by 19.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,333 shares of the aerospace company's stock valued at $50,865,000 after purchasing an additional 23,067 shares during the period. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $202,000. Finally, Toronto Dominion Bank boosted its holdings in shares of Curtiss-Wright by 95.2% in the fourth quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company's stock valued at $314,000 after purchasing an additional 432 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

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

Curtiss-Wright Stock Performance

Shares of CW opened at $518.10 on Tuesday. 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 fifty day moving average price of $490.43 and a 200-day moving average price of $425.48. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $525.84. The firm has a market cap of $19.52 billion, a PE ratio of 43.72, a P/E/G ratio of 3.15 and a beta of 1.15.

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

Curtiss-Wright Dividend Announcement

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

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, the vice president directly owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. This trade represents 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. Corporate 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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