Massachusetts Wealth Management Acquires Shares of 545 Curtiss-Wright Corporation $CW

Massachusetts Wealth Management acquired a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 545 shares of the aerospace company's stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CW. Merit Financial Group LLC lifted its position in shares of Curtiss-Wright by 83.2% in the first quarter. Merit Financial Group LLC now owns 1,083 shares of the aerospace company's stock valued at $344,000 after acquiring an additional 492 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Curtiss-Wright by 163.9% in the first quarter. UMB Bank n.a. now owns 446 shares of the aerospace company's stock valued at $142,000 after acquiring an additional 277 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Curtiss-Wright in the first quarter valued at approximately $342,000. Park Avenue Securities LLC lifted its position in shares of Curtiss-Wright by 13.8% in the first quarter. Park Avenue Securities LLC now owns 6,392 shares of the aerospace company's stock valued at $2,028,000 after acquiring an additional 777 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Curtiss-Wright by 5.3% in the first quarter. Farther Finance Advisors LLC now owns 1,832 shares of the aerospace company's stock valued at $591,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

NYSE:CW opened at $557.73 on Thursday. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $561.49. 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 company has a market capitalization of $21.02 billion, a P/E ratio of 47.07, a P/E/G ratio of 3.31 and a beta of 1.14. The stock's fifty day moving average is $502.72 and its two-hundred day moving average is $441.83.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS 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 the consensus estimate of $855.10 million. During the same quarter in the previous year, the business earned $2.67 earnings per share. The company's revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright's payout ratio is currently 8.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CW shares. Morgan Stanley raised their target price on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Truist Financial reduced their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $625.00 price objective on shares of Curtiss-Wright in a research report on Wednesday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Curtiss-Wright in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $492.86.

Insider Activity

In related news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction on Thursday, August 21st. The stock was 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 in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Company 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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