Pure Financial Advisors LLC Acquires Shares of 530 Curtiss-Wright Corporation $CW

Key Points

• Pure Financial Advisors LLC has acquired 530 shares of Curtiss-Wright Corporation, valued at approximately $259,000, marking a significant investment in the aerospace company.
• Several institutional investors have increased their stakes in Curtiss-Wright, with combined ownership now exceeding 82.71% of the company's stock.
• Curttis-Wright recently reported quarterly earnings of $3.23 per share, surpassing estimates and showing an 11.7% revenue increase from the previous year.

Pure Financial Advisors LLC acquired a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 530 shares of the aerospace company's stock, valued at approximately $259,000.

Other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Curtiss-Wright by 0.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company's stock worth $2,188,000 after purchasing an additional 37 shares during the period. Cooper Financial Group acquired a new stake in shares of Curtiss-Wright in the 2nd quarter worth $201,000. Chicago Capital LLC purchased a new stake in shares of Curtiss-Wright in the second quarter valued at about $244,000. Campbell Newman Asset Management Inc. increased its stake in shares of Curtiss-Wright by 7.1% during the second quarter. Campbell Newman Asset Management Inc. now owns 8,712 shares of the aerospace company's stock worth $4,256,000 after acquiring an additional 577 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Curtiss-Wright by 9.0% during the second quarter. Janney Montgomery Scott LLC now owns 3,982 shares of the aerospace company's stock worth $1,945,000 after purchasing an additional 330 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction on 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 $1,856,171.50. This represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CW. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Curtiss-Wright in a report on Saturday, September 27th. Morgan Stanley lifted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Citigroup increased their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Truist Financial lowered their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Six equities 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, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average target price of $468.14.

Curtiss-Wright Price Performance

CW stock opened at $538.42 on Friday. The stock's 50 day moving average price is $499.23 and its 200 day moving average price is $437.95. The firm has a market cap of $20.29 billion, a P/E ratio of 45.44, a PEG ratio of 3.29 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $550.88.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results 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. 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 during the quarter, compared to analysts' expectations of $855.10 million. During the same period in the previous year, the firm posted $2.67 earnings per share. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.24 dividend. 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 payout ratio is presently 8.10%.

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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