Retireful LLC Acquires New Holdings in Curtiss-Wright Corporation $CW

Key Points

• Retireful LLC has acquired a new stake in Curtiss-Wright Corporation, purchasing 1,503 shares valued at approximately $734,000 in the second quarter.
• Analysts have recently updated their price targets for Curtiss-Wright, with Citigroup and Morgan Stanley lifting their targets to $568.00 and $550.00 respectively, while the company holds a consensus rating of "Moderate Buy."
• Curtiss-Wright reported $3.23 earnings per share for the last quarter, surpassing analysts' estimates, along with a revenue of $876.58 million, representing an 11.7% year-over-year increase.

Retireful LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,503 shares of the aerospace company's stock, valued at approximately $734,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CW. Squarepoint Ops LLC boosted its holdings in shares of Curtiss-Wright by 5.7% in the fourth quarter. Squarepoint Ops LLC now owns 904 shares of the aerospace company's stock valued at $321,000 after acquiring an additional 49 shares in the last quarter. Toronto Dominion Bank boosted its stake in Curtiss-Wright by 95.2% during the 4th quarter. Toronto Dominion Bank now owns 886 shares of the aerospace company's stock valued at $314,000 after purchasing an additional 432 shares in the last quarter. Ascent Group LLC boosted its stake in Curtiss-Wright by 4.9% during the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 33 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at $14,004,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at $86,000. 82.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CW shares. Truist Financial lowered their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Citigroup lifted their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, 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 report on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and a consensus price target of $468.14.

Curtiss-Wright Price Performance

NYSE CW opened at $511.66 on Thursday. 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 has a market capitalization of $19.28 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 3.17 and a beta of 1.15. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $528.44. The company has a 50 day moving average price of $491.80 and a two-hundred day moving average price of $426.72.

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, beating analysts' consensus estimates of $3.13 by $0.10. The business had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. Curtiss-Wright's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.67 EPS. As a group, equities analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is 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 is presently 8.10%.

Insider Buying and Selling

In other news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value 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 trade represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by company insiders.

About Curtiss-Wright

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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