Dakota Wealth Management Acquires Shares of 2,213 Curtiss-Wright Corporation $CW

Key Points

• Dakota Wealth Management bought a new position of 2,213 shares of Curtiss‑Wright (NYSE:CW) in Q4 valued at about $1.22 million, and roughly 82.71% of the stock is held by hedge funds and other institutional investors.
• Curtiss‑Wright posted a Q report beating estimates—$3.79 EPS vs. $3.66 expected and $946.98M revenue (up 14.9% YoY)—and carries a consensus analyst rating of Moderate Buy with an average price target of $663.17 while trading near $663.40.

Dakota Wealth Management bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,213 shares of the aerospace company's stock, valued at approximately $1,220,000.

A number of other large investors have also made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Curtiss-Wright during the second quarter worth $27,000. Larson Financial Group LLC boosted its stake in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock worth $33,000 after buying an additional 21 shares during the last quarter. First Horizon Corp purchased a new stake in Curtiss-Wright in the 3rd quarter valued at $34,000. Finally, Sunbelt Securities Inc. purchased a new stake in Curtiss-Wright in the 3rd quarter valued at $43,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CW. Wall Street Zen upgraded Curtiss-Wright from a "hold" rating to a "buy" rating in a report on Saturday, January 10th. Citigroup upped their price objective on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a "neutral" rating in a report on Friday, February 13th. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research report on Friday, January 9th. Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a "hold" rating in a research note on Friday, February 13th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $663.17.

Curtiss-Wright Price Performance

CW stock opened at $663.40 on Monday. Curtiss-Wright Corporation has a 52-week low of $266.88 and a 52-week high of $730.12. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 51.55, a price-to-earnings-growth ratio of 3.23 and a beta of 0.91. The business has a fifty day moving average of $677.18 and a two-hundred day moving average of $600.26.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.66 by $0.13. The business had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The company's quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.27 EPS. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright's dividend payout ratio is presently 7.46%.

Insider Buying and Selling

In other Curtiss-Wright news, EVP John C. Watts sold 652 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total transaction of $407,871.64. Following the completion of the transaction, the executive vice president owned 3,890 shares of the company's stock, valued at $2,433,467.30. This trade represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Kevin Rayment sold 2,634 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,649,753.22. Following the sale, the chief operating officer owned 29,896 shares of the company's stock, valued at approximately $18,724,761.68. This represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,112 shares of company stock valued at $14,768,527 over the last three months. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Profile

Curtiss-Wright Corporation NYSE: CW is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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