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Legacy Wealth Asset Management LLC Has $2.18 Million Stake in Curtiss-Wright Corporation $CW

Curtiss-Wright logo with Aerospace background

Key Points

  • Legacy Wealth Asset Management LLC reduced its stake in Curtiss-Wright Corporation by 12.2% during Q2, now holding 4,465 shares valued at $2.18 million.
  • Several institutional investors have increased their positions, with notable increases such as Private Trust Co. NA raising its stake by 13,800% in Q1.
  • Wall Street analysts have set a consensus target price of $526.00 for Curtiss-Wright, with ratings ranging from "buy" to "hold".
  • Interested in Curtiss-Wright? Here are five stocks we like better.

Legacy Wealth Asset Management LLC trimmed its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 12.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,465 shares of the aerospace company's stock after selling 622 shares during the period. Legacy Wealth Asset Management LLC's holdings in Curtiss-Wright were worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. 1 North Wealth Services LLC acquired a new position in shares of Curtiss-Wright during the first quarter worth about $32,000. Private Trust Co. NA raised its stake in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after buying an additional 138 shares during the period. West Oak Capital LLC bought a new stake in Curtiss-Wright in the second quarter valued at approximately $49,000. Tsfg LLC raised its stake in Curtiss-Wright by 112.7% in the first quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock valued at $69,000 after buying an additional 115 shares during the period. Finally, Flaharty Asset Management LLC bought a new stake in Curtiss-Wright in the first quarter valued at approximately $69,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CW. Stifel Nicolaus increased their target price on Curtiss-Wright from $457.00 to $502.00 and gave the stock a "hold" rating in a research note on Monday. Morgan Stanley increased their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Truist Financial increased their price target on Curtiss-Wright from $463.00 to $525.00 and gave the stock a "hold" rating in a research report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $526.00.

View Our Latest Research Report on Curtiss-Wright

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of Curtiss-Wright 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.55% of the company's stock.

Curtiss-Wright Trading Up 3.0%

Shares of CW stock opened at $561.72 on Tuesday. The firm has a market capitalization of $21.17 billion, a P/E ratio of 47.40, a P/E/G ratio of 3.09 and a beta of 1.14. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $575.07. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The stock's fifty day simple moving average is $512.23 and its 200 day simple moving average is $456.49.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. The business had revenue of $876.58 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $2.67 EPS. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Curtiss-Wright Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corporation (NYSE:CW - Free Report).

Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

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