Curtiss-Wright Corporation $CW Shares Purchased by Cwm LLC

Key Points

• Cwm LLC increased its holdings in Curtiss-Wright Corporation by 172.8% in Q2, owning 5,207 shares valued at $2.54 million at the end of the reporting period.
• Curtiss-Wright reported Q2 revenue of $876.58 million, exceeding expectations, and earnings per share of $3.23, beating analyst estimates by $0.10.
• The company declared a quarterly dividend of $0.24, resulting in an annual yield of 0.2% and a dividend payout ratio of 8.10%.

Cwm LLC boosted its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 172.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,207 shares of the aerospace company's stock after acquiring an additional 3,298 shares during the period. Cwm LLC's holdings in Curtiss-Wright were worth $2,544,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its stake in Curtiss-Wright by 20.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,188 shares of the aerospace company's stock worth $2,535,000 after purchasing an additional 891 shares in the last quarter. Muirfield Wealth Advisors LLC acquired a new position in Curtiss-Wright during the second quarter worth $226,000. Callan Family Office LLC acquired a new position in Curtiss-Wright during the second quarter worth $302,000. Blair William & Co. IL lifted its stake in Curtiss-Wright by 3.5% during the second quarter. Blair William & Co. IL now owns 135,371 shares of the aerospace company's stock worth $66,136,000 after purchasing an additional 4,584 shares in the last quarter. Finally, Optas LLC acquired a new position in Curtiss-Wright during the second quarter worth $321,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Down 1.0%

Shares of NYSE CW opened at $544.71 on Friday. The stock has a market cap of $20.52 billion, a P/E ratio of 45.97, a PEG ratio of 3.09 and a beta of 1.14. 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 $575.07. The business's fifty day simple moving average is $510.79 and its 200-day simple moving average is $453.49.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating 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 company had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. During the same period last year, the firm earned $2.67 earnings per share. Curtiss-Wright's quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Insider Activity

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the firm's 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 transaction, the vice president 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CW. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Stifel Nicolaus upped their price target on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Truist Financial upped their price target on Curtiss-Wright from $463.00 to $525.00 and gave the stock a "hold" rating in a research note on Wednesday. Morgan Stanley increased their price objective 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, Weiss Ratings reiterated a "buy (b)" rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $519.57.

Curtiss-Wright 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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